The paper uses a partial equilibrium model to simulate times series on inputs utilization rates--capital utilization and labor effort--for 10 OECD countries. The resulting series are filtered from standard measures of the Solow residual. The main findings are as follows: once variable inputs...

This paper examines the characteristics of business cycles in and across Sweden and Finland during the postwar period. We find that output fluctuations in Sweden and Finland are highly correlated to two measures of the international business cycle, a European and a non-European common business...

We quantify the effects of changes in international input-output linkages on the nature of business cycles. We build a multi-country international business cycle model with manufacturing and non-manufacturing sectors that matches the input-output structure within and across countries. We find...