| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4493 |
| 来源ID | Working Paper 4493 |
| International Business Cycles: Theory and Evidence | |
| David Backus; Patrick J. Kehoe; Finn E. Kydland | |
| 发表日期 | 1993-10-01 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | We review recent work comparing properties of international business cycles with those of dynamic general equilibrium models, emphasizing two discrepancies between theory and data that we refer to as anomalies. The first is the consumption/output/productivity anomaly: in the data we generally find that the correlation across countries of output fluctuations is larger than the analogous consumption and productivity correlations. In theoretical economies we find, for a wide range of parameter values, that the consumption correlation exceeds the productivity and output correlations. The second anomaly concerns relative price movements: the standard deviation of the terms of trade is considerably larger in the data than it is in theoretical economies. We speculate on changes in theoretical structure that might bring theory and data closer together. |
| 主题 | International Economics ; Trade ; International Finance |
| URL | https://www.nber.org/papers/w4493 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561870 |
| 推荐引用方式 GB/T 7714 | David Backus,Patrick J. Kehoe,Finn E. Kydland. International Business Cycles: Theory and Evidence. 1993. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4493.pdf（1466KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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