A "Market Clearing" Model of the International Business Cycle that Explains the 1980s

E.V. Pikoulakis

Working Papers from Universite de Nantes - Economie Internationale et de l'Entreprise

Abstract: The pioneering work of Meese and Rogoff (193) and, more recently, the work of Flood and Rose (1995) showed conclisively, that traditional Fundamentals of Exchange rate behavior offer little hope of explaining the international business cycle of the 1980s. In this paper we present a model which explains, rather well, the behavior of the real exchange rate and the real yield differential between the US and the major European economies, and also production, employment, and investment in the US relative to production, employmentm and investment in the same group of economies for the 1980s.

Keywords: EXCHANGE RATE; BUSINESS CYCLES; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: E32 F30 F31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:nantie:275

Access Statistics for this paper

More papers in Working Papers from Universite de Nantes - Economie Internationale et de l'Entreprise Universite de Nantes, Centre d'Etudes sur l'Economie Internationale et l'Entreprise. 110, Bd. Michelet 44071 Nantes CEDEX 03 France..
Bibliographic data for series maintained by Thomas Krichel ().