Trade and Fluctuations, Issue 1560World Bank, Policy Research Department, Macroeconomics and Growth Division, 1995 - Business cycles - 29 pages |
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Common terms and phrases
agents aggregate allowed Appendix Applying assume capital stock commodity prices consistent constructed consumers consumption country's cross-country current account deficits December 1995 December define degree of synchronization develop disturbances domestic economy domestic wages dynamics economic fluctuations empirical employment endowments equal Equation equilibrium evidence exhibit existing expectations expression fact factor Figure financial assets financial integration follows foreign shocks fraction GDP growth correlations GDP growth rate given implications income increase instance integrated economies international booms international commodity internationally investment labour labour-intensive lead leisure markets measured mobile capital negative normal observed obtain OECD countries output period Policy positive predicted preferences present problem productivity shocks properties raise reason recent reducing relative price Research result risk-sharing effect sector share shows simple Solow residual standard stochastic stylized Table trade trade and fluctuations transmission mechanism transmitted unit wage effect world average zero
Bibliographic information
| Title | Trade and Fluctuations, Issue 1560 Policy research working papers Trade and Fluctuations, World Bank. Policy Research Department. Macroeconomics and Growth Division |
| Authors | Aart Kraay, Jaume Ventura |
| Contributor | World Bank. Policy Research Dept. Macroeconomics and Growth Division |
| Publisher | World Bank, Policy Research Department, Macroeconomics and Growth Division, 1995 |
| Original from | the University of California |
| Digitized | Jun 24, 2008 |
| Length | 29 pages |
| Export Citation | BiBTeX EndNote RefMan |