Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/american-economic-association/business-cycles-in-international-historical-perspective-i6F5WHcJ9c
References
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
- Publisher
- American Economic Association
- Copyright
- Copyright © 1999 by the American Economic Association
- Subject
- Symposia
- ISSN
- 0895-3309
- DOI
- 10.1257/jep.13.2.45
- Publisher site
- See Article on Publisher Site
Abstract
Abstract This paper examines business cycles theoretically and empirically, with a quantitative study based on data for a cross section of countries. Theoretical concerns indicate that the properties of business cycle models depend not only on important structural aspects of the model, such as money neutrality, labor market structure, and price adjustment, but also on the closure of the model in international markets. Econometric considerations suggest that panel data can provide more information about the country-specific versus universal features of cycles. The authors review business cycle properties in a sample of over a dozen counties in light of these issues.
Journal
Journal of Economic Perspectives – American Economic Association
Published: May 1, 1999