International Real Business Cycles among Heterogeneous Countries

Macroeconomics from University Library of Munich, Germany

Abstract: Business cycle statistics differ widely across countries, especially for trade-related variables. Part of these variations relates to the size of the economies and to their distance from each other. This paper asks whether a three-country model is able to display the marked diversity of business cycle statistics observed across countries. The model is calibrated to two specific examples with Canada and Switzerland. Our findings are that most of the diversity of the business cycle can be accounted for by size and distance, and that trade is not a strong channel of diffusion of cycles. This paper is available at ftp://crefe.dse.uqam.ca/pub/cahiers/cah38.ps The whole WP list is at http://www.er.uqam.ca/nobel/crefe/cahiers.html

JEL-codes: E32 F41 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1996-07-03
Note: 38 pages, Postscript file
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Related works:
Journal Article: International real business cycles among heterogeneous countries (1997)
Working Paper: International Real Business Cycles among Heterogeneous Countries (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:9607002

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