search query: @indexterm BUSINESS CYCLES / total: 529
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| Author: | Nadenichek, J. |
| Title: | Consumer durable goods in an international real business cycle framework. |
| Journal: | Quarterly Review of Economics and Finance
1999 : SUMMER, VOL. 39:2, p. 233-247 |
| Index terms: | Consumer goods Business cycles International economics |
| Language: | eng |
| Abstract: | The author states that in international real business cycle models, consumption is more highly correlated between countries than output, while in the data, the opposite is true. In this paper, the addition of durable consumer goods to a standard international real business cycle model explains this consumption/output correlation anomaly. |
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