Business cycles are marked by the alternation of the phases of expansion and contraction in aggregate economic activity and the co-movement among economic variables in each phase of the cycle.

If co-movement does prove to be a reliable early ... "The financial crisis has shown that mainstream economic theories have limitations that need to be overcome," said Dirk Helbing of the Swiss ...

Thomas Eisenbach, Kyra Frye and Helene Hall explain the co-movement of reserves and transfers in a New York Fed Liberty Street Economics post. A main driver is the interest on reserves, ...

The positive co-movement of real output and inflation convincingly argues for a demand story. We propose a simple statistic that can compare data and models. Based on this statistic, we show that the ...

Journal of Economic Integration, Vol. 34, No. 4 (December 2019), pp. 667-704 (38 pages) We study time-varying interest rate comovement and its determinants for the retail banking sector in the euro ...

Empirical analysis reveals that media sentiment indices have a high degree of co-movement with economic indicators and optimistic sentiment periods coincide with higher growth phases and vice ...