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International Real Business Cycles

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  • Mario J. Crucini

    ()
    (Department of Economics, Vanderbilt University)

Abstract

This paper is a non-technical review of research developments in the international real business cycle literature. International business cycle facts are summarize with particular attention to the sources of output variance from the expenditure side of the NIPA and the production side, using a familiar neoclassical production function. Theoretical developments focus on the how consumption smoothing and investment dynamics shape the current account; the search for sources and propagation mechanisms of international business cycle comovement and key facets of relative price determination (the real exchange rate and the terms of trade).

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File URL: http://www.accessecon.com/pubs/VUECON/vu06-w17.pdf
File Function: First version, 2006
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Bibliographic Info

Paper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 0617.

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Date of creation: Jul 2006
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Handle: RePEc:van:wpaper:0617

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Web page: http://www.vanderbilt.edu/econ/wparchive/index.html

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Keywords: International business cycles; current account; real exchange rates;

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Cited by:
  1. Bjarni G. Einarsson & Gudjón Emilsson & Svava J. Haraldsdóttir & Thórarinn G. Pétursson & Rósa B. Sveinsdóttir, 2013. "On our own? The Icelandic business cycle in an international context," Economics wp63, Department of Economics, Central bank of Iceland.
  2. Yilmazkuday, Hakan, 2012. "Business cycles through international shocks: A structural investigation," Economics Letters, Elsevier, vol. 115(3), pages 329-333.

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