NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Global Business Cycles: Convergence or Decoupling?

M. Ayhan Kose, Christopher Otrok, Eswar S. Prasad

NBER Working Paper No. 14292
Issued in October 2008

---- Acknowledgements -----

Earlier versions of this paper were presented at the Brookings Institution, Cornell University, Johns Hopkins University, University of Wisconsin, and the 2008 NBER Summer Institute. We would like to thank Mark Aguiar, Stijn Claessens, Selim Elekdag, Charles Engel, Fabrizio Perri, Mark Watson and seminar participants for useful comments. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF, IMF policy, or the views of the National Bureau of Economic Research.

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