Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement?

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 costs. We simulate the effects of increased goods... READ MORE...

Publication date: October 2005
ISBN 9781451862232
$15.00

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