The International Transmission of Shocks in an Imperfectly Competitive International Business Cycle Model

Economics Working Papers from European University Institute

Abstract: This paper investigates the effects of introducing imperfect competition in an international business cycle model. We provide some international evidence on markups and analyze the implicactions of increasing returns to scale and monopolistic competition for the effects and the international transmission of technology and government spending shocks. We also consider exogenous markup fluctuations as a source of shocks and of transmission of business cycles.

Keywords: ECONOMIC MODELS; BUSINESS CYCLES; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: C68 E32 F41 (search for similar items in EconPapers)
Date: Written 1996

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Persistent link: http://EconPapers.repec.org/RePEc:eui:euiwps:eco96/31

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