| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7980 |
| DP7980 Technology Shocks: Novel Implications for International Business Cycles | |
| Andrea Raffo | |
| 发表日期 | 2010-09-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Understanding the joint dynamics of international prices and quantities remains a central issue in international business cycles. International relative prices appreciate when domestic consumption and output increase more than their foreign counterparts. In addition, both trade flows and trade prices display sizable volatility. This paper incorporates Hicks-neutral and investment-specific technology shocks into a standard two-country general equilibrium model with variable capacity utilization and weak wealth effects on labor supply. Investment-specific technology shocks introduce a source of fluctuations in absorption similar to taste shocks, thus reconciling theory and data. The paper also presents implications for the transmission mechanism of technology shocks across countries and for the Barro and King (1984) critique of investment shocks. |
| 主题 | International Macroeconomics |
| 关键词 | Backus-smith puzzle Investment-specific technology shocks International business cycles |
| URL | https://cepr.org/publications/dp7980 |
| 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/536817 |
| 推荐引用方式 GB/T 7714 | Andrea Raffo. DP7980 Technology Shocks: Novel Implications for International Business Cycles. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Andrea Raffo]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Andrea Raffo]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Andrea Raffo]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
