world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global …

The first step in designing effective policies to stabilize an economy is to understand business cycles. No country is … in determining the transmission of business cycles. …

most recent data available. It examines the determinants of these flows and their relationship with the productivity growth …, shifts of employment labour between industries have generally not contributed positively to aggregate labour productivity … rates within industries are found to be strongly related to multifactor productivity and labour productivity growth at the …

example, can make the effect of a traded-goods productivity improvement on the real exchange rate negative or positive, as … on the relationship between productivity and the real exchange rate. -- Exchange rates ; Productivity …

The U.S. Federal Reserve responded to the great recession by reducing policy rates to the effective lower bound. In … which the Federal Reserve’s long-term asset holdings do not rise in response to the recession. We find that U …

This paper investigates the implications of endogenous trade participation for international business cycles, trade … participation. Moreover, I show that productivity heterogeneity rather than price age differences plays a dominant role in firms … business cycles and exchange rate pass-through. …