| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18032 |
| 来源ID | Working Paper 18032 |
| Comovement in GDP Trends and Cycles Among Trading Partners | |
| Bruce A. Blonigen; Jeremy Piger; Nicholas Sly | |
| 发表日期 | 2012-05-03 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | It has long been recognized that business cycle comovement is greater between countries that trade intensively with one another. Surprisingly, no one has previously examined the relationship between trade intensity and comovement of shocks to the trend level of output. Contrary to the result for cyclical fluctuations, we find that comovement of shocks to trend levels of real GDP is significantly weaker among countries that trade intensively with one another. We also find that the influence of trade on comovement between shocks to trends has remained stable, or become stronger in recent decades, while the role of trade in generating cyclical comovement has diminished steadily over time. In short, we find that international trade relationships have a substantial impact on comovement of shocks to output trends across countries, and these effects stand in stark contrast to the conventional wisdom regarding cyclical comovement. |
| 主题 | Econometrics ; Estimation Methods ; Macroeconomics ; Business Cycles ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w18032 |
| 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/575708 |
| 推荐引用方式 GB/T 7714 | Bruce A. Blonigen,Jeremy Piger,Nicholas Sly. Comovement in GDP Trends and Cycles Among Trading Partners. 2012. |
| 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 | ||
| w18032.pdf（231KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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