Should we expect financial globalization to have significant effects on business cycles?

Preprint OPEN
Iversen, Jens;
(2009)
  • Subject: Financial Globalization; Business Cycles; Monte Carlo Methods
    • jel: jel:C15 | jel:E44 | jel:G15

Empirical research suggests that financial globalization has insignificant effects on business cycles. Based on standard theoretical models it might be conjectured that the effects should be significant. I show that this conjecture is wrong. Theoretical effects of finan... View more
  • References (26)
    26 references, page 1 of 3

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