current policy issues involving interactions across national economies. Given that the global economy is in a synchronized slowdown in economic activity, the first two essays are devoted to an examination of the international business cycle linkages among the seven major advanced economies—hereafter called the Group of Seven (G-7) countries—and between the advanced and developing economies. The...

This paper presents an analysis of solar-heat driven Brayton, Rankine and Stirling cycles operating in space with different working fluids. Generation of power in space for terrestrial use can represent a great future opportunity: the low-temperature of space (~3 K), allows the attainment of very high efficiency even with low-temperature heat inputs, and the solar energy input is higher in spac...

This paper investigates the implications of endogenous trade participation for international business cycles, trade flow dynamics and exchange rate pass-through when price adjustments are staggered across firms. I develop a two-country dynamic stochastic general equilibrium model wherein firms make state-dependent decisions on entry and exit in the export market and the frequency of price adjus...

This paper investigates the causes of China’s output and trade balance fluctuations in the period of 1985–2000, with special attention to the role of the real exchange rate. The effects of four types of shock – the foreign supply shock, the domestic supply shock, the relative demand shock and the nominal shock – are examined, employing a near -VAR that embodies the long-run properties of a ‘dep...

In this paper, we focus on how European economic integration has affected the synchronization and the magnitude of business cycles among participating countries. We measure, based on bandpass filtered data, the characteristics of European business cycles analyzing to what extent they have become more similar over time. We also consider the role of other factors such as differences in fiscal and...

We prove the following results : (a) The Cube-Connected Cycles network of dimension n is a subgraph of the Butterry network of dimension n. (b) The Shuue-Exchange network of dimension n is a subgraph of the DeBruijn network of dimension n.