Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/50568
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Otsu, Keisuke | en |
dc.date.accessioned | 2010-12-28 | - |
dc.date.accessioned | 2011-10-21T16:52:35Z | - |
dc.date.available | 2011-10-21T16:52:35Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/50568 | - |
dc.description.abstract | In this paper, I extend the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a two-country international business cycle model and quantify the effect of the disturbances in relevant markets on the business cycle correlation between Japan and the US over the 1980-2008 period. I find that disturbances in the labor market and production efficiency are important in accounting for the recent increase in the cross-country output correlation. Financial globalization can be the cause of the recent increase in cross-country output correlation if it operated through an increase in the cross-country correlation of disturbances in the labor market and production efficiency, not in the domestic or international capital markets. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Kent, School of Economics |cCanterbury | en |
dc.relation.ispartofseries | |aSchool of Economics Discussion Papers |x10,10 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | F41 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | business cycle accounting | en |
dc.subject.keyword | international business cycles | en |
dc.subject.keyword | financial globalization | en |
dc.title | International business cycle accounting | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 642532648 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.