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...Ongoing changes in the business cycle evidence and causes by thomas dalsgaard jorgen elmeskov cyn young park rd this paper is prepared for suerf colloquium societe universitaire europeenne de recherches financieres to be held brussels on october authors are respectively principal administrator deputy director policy studies branch economics department of oecd they wish thank isabelle wanner paoletti laure meuro who provided research assistance jackie gardel secretarial as well andrea bassanini michael p feiner ignazio visco comments an earlier version responsibility all remaining errors mistakes lies with views expressed here those do not necessarily represent or its member governments table contents introduction stylised facts about domestic international synchronisation has become smaller over time whereas duration remained almost unchanged three major regions divergencies have diminished but increased factors shaping shifts economic structure technological change financial deregulat...