Business Cycle Synchronization and Regional Integration

Fiess, Norbert

World Bank

关键词: Business Cycle;    business cycle fluctuations;    Business Cycle Synchronization;    business cycles;    Deeper trade integration;   

RP-ID  :  1

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Deeper trade integration between Central America and the United States, as envisaged under the Central American Free Trade Agreement, is likely to lead to closer links between Central American and U.S. business cycles. This article assesses the degree of business cycle synchronization between Central America and the United States—relevant not only for a better understanding of the influence of important trading partners on the business cycle fluctuations in the domestic economy but for evaluating the costs and benefits of macroeconomic coordination.