Series: IMF Working Papers
Author(s): Hideaki Hirata , Ayhan Kose , and Christopher Otrok
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 January 2013
Keywords: Comovement, Synchronization, Trade linkages, Financial linkages, business cycle, business cycle synchronization, regional trade, global trade, Bayesian Analysis, Time-Series Models
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution o...