On 24 September 2018, Eri Ikeda successfully defended her PhD thesis entitled 'Global and Developing Country Business Cycles'. Her point of departure is the conception of generic cycles which she used as a basis to conceptualize and identify global and developing country cycles, and to discern their most important drivers.
She finds that developing country cycles are driven by global cycles (which are driven by manufacturing) although there are important differences between clusters of developing countries. Thus, cycles in economic activity in low-income, commodity-producing countries tend to be less driven by global cycles than middle-income, manufacturing-based countries.
An important policy implication of the study is that policy-makers in all countries should consider the state of global cycles when deciding on macroeconomic policies for their economies.
Photos of the public defence
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