haku: @indexterm open economy / yhteensä: 204
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| Tekijä: | Zimmermann, C. |
| Otsikko: | International real business cycles among heterogeneous countries |
| Lehti: | European Economic Review
1997 : FEB, VOL. 41:2, p. 319-355 |
| Asiasana: | BUSINESS CYCLES OPEN ECONOMY MACROECONOMICS INTERNATIONAL BUSINESS SWITZERLAND CANADA |
| Kieli: | eng |
| Tiivistelmä: | Across countries, there are differences in business cycle statistics. Widest differences occur for some aggregates, especially for trade-related variables. Part of these variations relates to the size of economies and to their distance from each other. The 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, that is, Switzerland and Canada. Our findings are that most of the diversity of business cycles can be accounted for by size and distance, and that trade is not a strong channel of diffusion of cycles. |
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