Beaudry, Paul; Dupaigne, Martial; Portier, Franck - Toulouse School of Economics (TSE) - 2009
This paper reexamines the question of how to explain business cycle co-movements within and between countries. First … the model generates appropriate business cycle patterns within countries. Second, we develop a quantitative two …-country multi-sector model that is capable of replicating many international business cycle facts. The model is a two …