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Stylized facts and international business cycles : the German case

Gail, Michael - 2000 - Revised July 9th, 2000

This paper studies the business cycle in Germany using the HP-filter (Hodrick/Prescott (1997)) to isolate the cyclical component. A two-country International Business Cycle model in line with Baxter/Crucini (1995) is built to explain these facts. The combination of GHH-preferences with taste...

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