Business Cycle Synchronization and Regional Integration: A Case Study for Central America
研究了中美洲与美国之间商业周期的同步程度，评估贸易一体化对宏观经济波动的影响，对理解贸易伙伴关系及宏观经济协调的成本收益有参考价值。
Deeper trade integration between Central America and the United States, as envisaged under the Central American Free Trade Agreement, is likely to lead to closer links between Central American and U.S. business cycles. This article assesses the degree of business cycle synchronization between Central America and the United States—relevant not only for a better understanding of the influence of important trading partners on the business cycle fluctuations in the domestic economy but for evaluating the costs and benefits of macroeconomic coordination.