Aggregate Comovements, Anticipation, and Business Cycles
نویسندگان
چکیده
منابع مشابه
Demand-Driven Business Cycles: Explaining Domestic and International Comovements
When capacity utilization is allowed to vary, standard equilibrium theory predicts that demand shocks can generate not only closed-economy business cycles that are previously thought explainable only by technology shocks, but also international business cycles that are more consistent with the data than what can be generated by technology shocks. JEL classi ̄cation: E13, E32, F11, F41.
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ژورنال
عنوان ژورنال: OECD Journal: Journal of Business Cycle Measurement and Analysis
سال: 2011
ISSN: 1995-2880
DOI: 10.1787/jbcma-2011-5kgg5k4plkzs