Globalization, the Business Cycle, and Macroeconomic Monitoring

S. Boragan Aruoba, Francis X. Diebold, M. Ayhan Kose, Marco E. Terrones

NBER Working Paper No. 16264
Issued in August 2010

---- Acknowledgments ----

For helpful comments on earlier drafts and earlier related material, we thank conference and seminar participants at the NBER International Seminar on Macroeconomics Amsterdam, the Bank of Canada, Queen's University, and the Federal Reserve Bank of Atlanta. Special thanks go to Richard Clarida, Allan Gregory, Lucrezia Reichlin and Kenneth West. For research support we thank the National Science Foundation and the Real-Time Data Research Center at the Federal Reserve Bank of Philadelphia. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or of the National Bureau of Economic Research.

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