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Interlinkage in the Endogenous Real Business Cycles of International Economies.

This study investigates interlinkage among the business cycles of countries from the viewpoint of endogenous real business cycles. For this purpose, we build a simple perfect foresight equilibrium model with two countries and characterize the global dynamics of a free-trade equilibrium as well as that of each country's autarky equilibrium by means of the fundamental structure of an economy.
Year of publication:
1993
Authors: Nishimura, Kazuo ; Yano, Makoto
Published in:
Economic Theory. - Springer. - Vol. 3.1993, 1, p. 151-68
Publisher: Springer
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Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005596790
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