Series: IMF Working Papers
Author(s): Ayhan Kose , Christopher Otrok , and Charles Whiteman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2005
Keywords: International business cycles, globalization, transmission of macroeconomic fluctuations, business cycles, globalization period, business cycle, National Government Expenditures and Related Policies: General, performance measures, Publicly Provided Goods,
This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian dynamic latent factor model to estimate common and country-specific components in the main macroeconomic aggregates of...