Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement? /
Recent empirical research finds that pairs of countries with stronger trade linkages tend to have more highly correlated business cycles. We assess whether the standard international business cycle framework can replicate this intuitive result. We employ a three-country model with transportation cos...
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2005.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2005/204 |
| オンライン･アクセス: | Full text available on IMF |