Technology shocks : novel implications for international business cycles PDF
By:Andrea Raffo
Published on 2010 by DIANE Publishing
Understanding the joint dynamics of internat. prices and quantities remains a central issue in internat. bus. cycles. Internat. relative prices appreciate when domestic consumption and output increase more than their foreign counterparts. In addition, both trade flows and trade prices display sizable volatility. This paper incorporates Hicks-neutral and investment-specific TS into a standard two-country general equilibrium model with variable capacity utilization and weak wealth effects on labor supply. Investment-specific TS introduce a source of fluctuations in absorption similar to taste shocks, thus reconciling theory and data. Also presents implications for the transmission mechanism of TS across countries. Illus. This is a print on demand pub.
This Book was ranked at 26 by Google Books for keyword International Exports Imports novel.
Book ID of Technology shocks : novel implications for international business cycles's Books is M2Ew-z0a1P8C, Book which was written byAndrea Raffohave ETAG "gPZii116LAY"
Book which was published by DIANE Publishing since 2010 have ISBNs, ISBN 13 Code is 9781437939101 and ISBN 10 Code is 1437939104
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