International Real Business Cycles
Bibliographic Data
| ID | 10172883 |
|---|---|
| Authors | David K Backus, David Backus, Patrick J Kehoe (0000-0001-5738-1236), Finn E Kydland |
| Year | 1992 |
| Volume | 100 |
| Issue | 4 |
| Pages | 745-775 |
| Publication date | 1992-08-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261838 |
| OpenAlex | W2160134375 |
| Language | EN |
| Citations received | 53 |
| References cited | 4 |
The authors ask whether a two-country business cycle model can account simultaneously for domestic and international aspects of business cycles. With this question in mind, the authors document a number of discrepancies between theory and data. The most striking discrepancy concerns the correlations of consumption and output across countries. In this data, outputs are generally more highly correlated across countries than consumptions. In the model they see the opposite. Copyright 1992 by University of Chicago Press
Ask price · Business cycle · Consumption (sociology · Econometrics · Economics · Economy · International business · Macroeconomics · Management · Sociology · Economic Theory and Policy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Digital Okun’s law
Possible effects of domestic and foreign factors on monetary policy implementation in Turkey
Comparisons of Business Cycles in the EC
Consumption Risk‐Sharing in China
Economic Crisis
Macrofinancial History and the New Business Cycle Facts
International business cycle synchronization
Consumption smoothing, risk sharing and financial integration
Risk-sharing within Brazil and South America
International confidence spillovers and business cycles in small open economies
Trade, Finance, Specialization, and Synchronization
Income Effects on the Trade Balance
A systematic literature review on business cycle approaches
Explaining Long- and Short-Run Interactions in Time Series Data
Small-Sample Properties of GMM for Business-Cycle Analysis
Risk Sharing Within the United States
Trade Openness and Volatility
On Adjusting the Hodrick-Prescott Filter for the Frequency of Observations
Breaks in the Variability and Comovement of G-7 Economic Growth
Characterizing Cross-Country Consumption Correlations
Finance and Synchronization
Risk Sharing, Finance and Institutions in International Portfolios
Trade, Finance, Specialization and Synchronization
The Few Leading the Many
Financial openness, financial frictions and optimal monetary policy
Altruism, intergenerational transfers of time and bequests
International Trade and the Business Cycle
Anglo-American Cyclical Interaction under the Classical Gold Standard
Germany
Kydland and Prescott's Nobel Prize
A Kaleckian model of business cycle synchronization
Have business cycles changed over the last two decades? An empirical investigation
Growth and risk at the industry level
Terms-of-trade uncertainty and economic growth
Shock absorption via savings in the EMU
Indivisible-labor, lotteries and idiosyncratic productivity shocks
Inflation Dynamics in Countries of the Monetary Union
Fiscal policy, government size and EMU business cycle synchronization
Marriage and Consumption Insurance
The International Diversification Puzzle Is Not as Bad as You Think
Risks for the Long Run and the Real Exchange Rate
Business Cycles and International Trade
Exchange Rate Disconnect in General Equilibrium
Product Quality and International Price Dynamics over the Business Cycle
We are All in the Same Boat
Technology Shocks and Employment
Do Surges in International Capital Inflows Influence the Likelihood of Banking Crises
Swinging All the Way
Estimating dynamic macroeconomic effects of exogenous remittances
Synchronization of endogenous business cycles
Ciclos de comércio exterior
On DSGE Models
The Economic Crisis from a Neoclassical Perspective
| Unique citing works | 53 |
|---|---|
| Citations per year | 1,71 |
| Citation span | 1995 - 2026 (32) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 49 |