Foreign Trade and the Business Cycle
Economic conditions in the U.S. have always been linked to those of our major foreign commercial partners. Some fear, however, that closer global integration will cause business cycles here and abroad to become more synchronous and, consequently, more severe. While reasonable, this prognosis seems a bit premature.
Suggested citation: "Foreign Trade and the Business Cycle," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-04, pp. 08, 04.01.2002.