We analyze the evolution of the degree of global cyclical interdependence over the period
1960–2008. Using a dynamic factor model, we decompose macroeconomic fluctuations in …

This paper examines the impact of international financial integration on macroeconomic
volatility. Economic theory does not provide a clear guide to the effects of financial …

" As the world has witnessed the worst financial crisis and climate crisis of our age, during
the period of 2007-2009, the issues surrounding the emergence and development of …

Using recently developed panel data techniques on data for 43 develo** countries over
the period 1970–1998, this article provides an exhaustive analysis of causality between …

This article aims at assessing the role of the United States in the global economy and its
evolution over time. Based on a Global VAR modeling approach, this article shows first that …

This paper estimates the degree of consumption risk sharing and analyzes the channels of
consumption risk sharing among the 10 East Asian countries. Estimation results show that a …

Purpose This paper aims to present a chronology of Indian business cycles in the post-
reform period. In India, earlier, macroeconomic shocks were about droughts and oil prices …

This paper presents a comprehensive set of stylized facts for business cycles in India from
1950 to 2010. We show that most macroeconomic variables are less volatile in the post …

An investigation into monetary cooperation in East Asia that examines options ranging from
informal policy coordination to the introduction of a common currency. East Asian countries …

This study looks at the major economic linkages explaining real GDP correlations for 51
countries including 27 emerging markets for the 1970-2008 period. The GMM-IV and 3SLS …