Chen, Kuan-Jen; Chu, Angus C.; Lai, Ching-Chong - Volkswirtschaftliche Fakultät, … - 2014
parsimonious explanation of the empirical pattern of international business cycles in developed economies and emerging markets. It … production is more prevalent in emerging markets than in developed economies, the model is also able to replicate empirical … differences between emerging markets and developed economies in the volatility of market consumption and the volatility …