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| Author: | Prasad, E. Gable, J. |
| Title: | International evidence on the determinants of trade dynamics |
| Journal: | Staff Papers
1998 : SEP, VOL. 45:3, p. 401-439 |
| Index terms: | INTERNATIONAL TRADE DYNAMIC MODELS |
| Language: | eng |
| Abstract: | This paper provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. First, a comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries. |
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