International Transmission of the Business Cycle in a Multi-Sector Model

Ambler, S,, Emanuela Cardia () and Christian Zimmermann ()

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: Multi-countru models have not been very successful in replicating features of the international transmission of business cycles. Standard models predict cross-country correlations of output and consumption which are respectively too low and loo high. In this paper, we built a multi-country model of business cycle with multiple sectors in order to analyze the role of sectoral shocks in the international transmission of the business cycle.

Keywords: BUSINESS CYCLES; ECONOMIC MODELS; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: E30 E32 (search for similar items in EconPapers)
Date: 2000

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Related works:
Working Paper: International Transmission of the Business Cycle in a Multi-Sectoral Model (1998)
Working Paper: International Transmission of the Business Cycle in a Multi-Sector Model (2000)
Journal Article: International transmission of the business cycle in a multi-sector model (2002)
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