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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...

Persistent link: https://www.econbiz.de/10011525706

International Business Cycles, Financial Markets and Household Production

Canova, Fabio; Ubide, Angel - 2014

This paper investigates the properties of an international real business cycle model with household production. We show that a model with disturbances to both market and household technologies reproduces the main regularities of the data and improves existing models in matching international...

Persistent link: https://www.econbiz.de/10014126737

Germany and the European Business Cycle - an Analysis of Causal Relations in an International Real Business Cycle Model

Fichtner, Ferdinand - 2004

This paper studies the role of the German economy for the existence of the so called European business cycle, a term referring to the regularly observed synchronization of the national business cycles in Europe. Using a three-country general equilibrium model, we are able to simulate impulse...

Persistent link: https://www.econbiz.de/10014070934

International Business Cycles, Financial Markets and Household Production

Ubide, Angel; Canova, Fabio - 2014

Persistent link: https://www.econbiz.de/10014061177

International business cycle and financial intermediation

Csabafi, Tamás; Gillman, Max; Naraidoo, Ruthira - 2018

The paper extends a standard two-country international real business cycle model to include financial intermediation by banks of loans and government bonds. Taking in household deposits from home and abroad, the loans are produced by the bank in a Cobb-Douglas production approach such that a...

Persistent link: https://www.econbiz.de/10012012506

International Real Business Cycles Among Heterogeneous Countries

Zimmermann, Christian - 2001

**The following is a description of the paper and not the actual abstract.** Why are business cycles statistics so different from one country to the other, at least for trade related variables? This paper tries to replicate this feature of the data in an international real business cycle model...

Persistent link: https://www.econbiz.de/10014101986

International business cycles and risk sharing with uncertainty shocks and recursive preferences

Kollmann, Robert - In: Journal of economic dynamics & control 72 (2016), pp. 115-124

Persistent link: https://www.econbiz.de/10011708860

Firms' Entry, Monetary Policy and the International Business Cycle

Cavallari, Lilia - 2012

This paper provides a theory of the international business cycle grounded on firms' entry and sticky prices. It shows that under simple monetary rules pro-cyclical entry and counter-cyclical markups can generate fluctuations in macroeconomic aggregates and trade variables as large as those...

Persistent link: https://www.econbiz.de/10013099277

Labour market fluctuations : an RBC model for emerging countries

Coşkun, Sevgi - In: Central Bank review / Central Bank of the Republic of Turkey 19 (2019) 4, pp. 141-153

volatility (relative to output volatility) are lower, while the volatility of productivity and wages are 2-3 times higher in EMEs … countries, but the model with investment adjustment cost improves the performance of relative volatility of wages and hours, as … labour wedge and find that the total labour wedge (relative to output volatility) is more volatile over the business cycle in …

Persistent link: https://www.econbiz.de/10012138949

Developing country business cycles : revisiting the stylised facts

Male, Rachel - 2010

. -- Business cycle ; Developing economies ; Stylised facts ; Volatility ; Persistence Cross-correlations …

Persistent link: https://www.econbiz.de/10003990420