Title Domestic, foreign or common shocks? / prepared by Stefania Fabrizio and J. Humberto Lopez

Published [Washington, D.C.] : International Monetary Fund, Statistics Dept., ©1996

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Description 1 online resource (ii, 19 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/96/107 IMF working paper ; WP/96/107. Summary Annotation A stochastic general equilibrium model of the world economy is used to analyze the origin of international business cycles using data for Germany, Japan and the United States. the findings indicate that after 1973, common shocks play a major role in accounting for similarities in output fluctuations. However, trade interdependencies with the United States may have also played a very important role; more than 20 percent of output fluctuations of the German and Japanese economies could have been imported from the United States Bibliography Includes bibliographical references (page 15) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Business cycles -- Econometric models International economic relations. Business cycles -- Germany -- Econometric models Business cycles -- Japan -- Econometric models Business cycles -- United States -- Econometric models Business cycles -- Econometric models International economic relations BUSINESS CYCLES. INTERDEPENDENCE. GERMANY. JAPAN. UNITED STATES. Germany Japan United States Form Electronic book Author Lopez, J. Humberto, author. International Monetary Fund. Statistics Department, issuing body. ISBN 1455247391 9781455247394 1281602744 9781281602749 1462315623 9781462315628 1455217239 9781455217236 9786613783431 6613783439 9781451852936 1451852932

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