International Real Business Cycles Among Heterogeneous Countries

EUROPEAN ECONOMIC REVIEW

Posted: 22 Nov 1996

See all articles by Christian Zimmermann

Christian Zimmermann

Federal Reserve Bank of Saint Louis; IZA Institute of Labor Economics

Abstract

**The following is a description of the paper and not the actual abstract.** Why are business cycles statistics so different from one country to the other, at least for trade related variables? This paper tries to replicate this feature of the data in an international real business cycle model where the size of the countries and their distance from each other matters. It appears that such diversity can be found within one model economy. Furthermore, we can corroborate earlier findings that trade is not the major channel of diffusion of business cycles.

JEL Classification: E32, F41

Suggested Citation

Zimmermann, Christian, International Real Business Cycles Among Heterogeneous Countries. EUROPEAN ECONOMIC REVIEW. Available at SSRN: https://ssrn.com/abstract=3528

Christian Zimmermann (Contact Author)

Federal Reserve Bank of Saint Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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