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| Tekijä: | Prasad, E. Gable, J. |
| Otsikko: | International evidence on the determinants of trade dynamics |
| Lehti: | Staff Papers
1998 : SEP, VOL. 45:3, p. 401-439 |
| Asiasana: | INTERNATIONAL TRADE DYNAMIC MODELS |
| Kieli: | eng |
| Tiivistelmä: | 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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