search query: @indexterm World economy / total: 427
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| Author: | Lumsdaine, R. L. Prasad, E. S. |
| Title: | Identifying the common component of international economic fluctuations: a new approach |
| Journal: | Economic Journal
2003 : JAN, VOL. 113:484, p. 101-127 |
| Index terms: | International economics Production World economy |
| Language: | eng |
| Abstract: | The authors develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. They find evidence for a 'world business cycle' as well as evidence for a distinct European common component. They also find some evidence that macroeconomic fluctuations have become more closely linked across industrial economies in the period after 1973. |
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