| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP781 |
| DP781 Sources and Propagation of International Business Cycles: Common Shocks or Transmission? | |
| Fabio Canova | |
| 发表日期 | 1993-06-30 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | This paper studies the generation and the transmission of international business cycles in a multi-country model with production and consumption interdependencies. Two sources of disturbances are considered and three channels for propagation of shocks are compared. Simulations are performed for symmetric countries and for countries that differ either in preferences, technologies, fiscal policies, wealth or exogenous processes. Production interdependencies determine the charateristics of the propagation of technology shocks while consumption interdependencies are responsible for the transmission of government shocks. Government shocks that are mildly correlated across countries are more successful than technology shocks in reproducing actual data. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycles Government expenditure Interdependence Technology shocks Transmission |
| URL | https://cepr.org/publications/dp781 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529944 |
| 推荐引用方式 GB/T 7714 | Fabio Canova. DP781 Sources and Propagation of International Business Cycles: Common Shocks or Transmission?. 1993. |
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