IMF studies G-7 factors in global business cycles
An IMF paper published on Tuesday monitors global macroeconomic activity in the past four decades using real-time economic indicators from G-7 countries.
Boragan Aruoba, Francis Diebold, Ayhan Kose and Marco Terrones, the paper's authors, propose and implement a framework for monitoring global business cycles not observed in previous studies using high-frequency data.
The results show that common G-7 real-activity factors – indicators for employment, GDP, disposable income, industrial production
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