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Part of book or chapter of book
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Article . 2013 . Peer-reviewed
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https://doi.org/10.1093/acprof...
Part of book or chapter of book . 2015 . Peer-reviewed
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Measuring the Dynamics of Global Business Cycle Connectedness

Authors: Francis X. Diebold; Kamil Yilmaz;

Measuring the Dynamics of Global Business Cycle Connectedness

Abstract

AbstractUsing a connectedness measurement technology fundamentally grounded in modern network theory, the chapter measures real output connectedness for a set of six developed countries, from 1962 to 2010. It shows that global connectedness is sizable and time-varying over the business cycle, and it studies the nature of the time variation relative to the ongoing discussion about the changing nature of the global business cycle. It also shows that connectedness corresponding to transmissions to others from the United States and Japan is disproportionately important. The data used in this analysis is quite different to earlier works; industrial production indexes at monthly intervals allows the connectedness of business cycle shocks to be captured much faster.

Keywords

Synchronization, coupling, de-coupling, network, G-7, real activity, industrial production, globalization, jel: jel:F42, jel: jel:E01, jel: jel:F44

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    popularity
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    influence
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
35
Top 10%
Top 10%
Top 10%
bronze