Interlinkage in the Endogenous Real Business Cycles of International Economies
This study investigates interlinkage among the business cycles of countries from the viewpoint of endogenous real business cycles. For this purpose, we build a simple perfect foresight equilibrium model with two countries and characterize the global dynamics of a free-trade equilibrium as well as that of each country's autarky equilibrium by means of the fundamental structure of an economy.
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Volume (Year): 3 (1993)
Issue (Month): 1 (January)
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