Business cycle synchronization across US states

We use wavelet analysis to conclude that individual U.S. states' business cycles are very well synchronized. We also find evidence of a strong and significant correlation between business cycle dissimilitudes and the distance between each pair of states, consistent to gravity type mechanisms wh...

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Detalhes bibliográficos
Autor principal: Aguiar-Conraria, Luís (author)
Outros Autores: Brinca, Pedro (author), Gudjonsson, Haukur Vidar (author), Soares, M. J. (author)
Formato: article
Idioma:eng
Publicado em: 2017
Assuntos:
Texto completo:http://hdl.handle.net/1822/47845
País:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/47845