International Real Business Cycles Among Heterogeneous Countries
EUROPEAN ECONOMIC REVIEW
Posted: 22 Nov 1996
**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: Suggested Citation