haku: @indexterm Economic shocks / yhteensä: 36
viite: 26 / 36
| Tekijä: | Ambler, S. Cardia, E. Zimmermann, C. |
| Otsikko: | International transmission of the business cycle in a multi-sector model |
| Lehti: | European Economic Review
2002 : FEB, VOL. 46:2, p. 273-300 |
| Asiasana: | BUSINESS CYCLES COUNTRY COMPARISONS ECONOMIC SHOCKS OPEN ECONOMY SECTORAL MODELS |
| Kieli: | eng |
| Tiivistelmä: | Standard multi-country models do not replicate important features of the international transmission of business cycles, predicting cross-country correlations of output and consumption which are, respectively, too low and too high. In this paper the authors modify the supply side of a two-country model by adding multiple sectors and trade in intermediate goods. The model generates a higher cross-country correlation of output than standard one-sector models. |
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