Abstract
Annual data for Norway, Sweden, the UK and the USA are investigated. What drive business cycle movements is influenced by the availability of a range of macroeconomic time series. The relationship between output movements in Norway, Sweden, the UK and the USA is non‐linear. Large shocks, such as the Great Depression or global conflicts, do get transmitted and there is seemingly little that a chosen monetary policy regime can do to prevent such an outcome. Finally, 19th and 20th century business cycles are different likely due to the introduction of counter‐cyclical policies in all of the countries in our sample.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
