Macroeconomic fluctuation: the general and the particular in developed markets dynamics

Economic Annals-XXI: Volume 122, Issue 9-10, Pages: 25-28

Citation information:
Kalinkova, I. Yu. (2012). Macroeconomic fluctuation: the general and the particular in developed markets dynamics. Economic Annals-XXI, 9-10, 25-28. https://ea21journal.world/index.php/ea-v122-08/

I. Yu. Kalinkova

Macroeconomic fluctuation: the general and the particular in developed markets dynamics

Abstract. Current paper performs a preview of the fluctuations’ peculiarities among developed countries’ expansion and recession phases, where most of different regional and national cycle’s cases are identical as well as their linear/non-linear features. Moreover, disclosed, that the cyclical synchronicity improving, being observed since 2000s, is a result of common shocks. Thus, one of the most important consequences is the following: world and different national fluctuations are much more synchronized at the phase of business activity contraction than at the expansion one.

Keywords: Economic Fluctuations; Synchronicity; Recession/Expansion Phase; Structural Shocks; Asymmetry; Volatility