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dc.contributor.authorOtsu, Keisukeen
dc.date.accessioned2010-12-28-
dc.date.accessioned2011-10-21T16:52:35Z-
dc.date.available2011-10-21T16:52:35Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/50568-
dc.description.abstractIn this paper, I extend the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a two-country international business cycle model and quantify the effect of the disturbances in relevant markets on the business cycle correlation between Japan and the US over the 1980-2008 period. I find that disturbances in the labor market and production efficiency are important in accounting for the recent increase in the cross-country output correlation. Financial globalization can be the cause of the recent increase in cross-country output correlation if it operated through an increase in the cross-country correlation of disturbances in the labor market and production efficiency, not in the domestic or international capital markets.en
dc.language.isoengen
dc.publisher|aUniversity of Kent, School of Economics |cCanterburyen
dc.relation.ispartofseries|aSchool of Economics Discussion Papers |x10,10en
dc.subject.jelE32en
dc.subject.jelF41en
dc.subject.ddc330en
dc.subject.keywordbusiness cycle accountingen
dc.subject.keywordinternational business cyclesen
dc.subject.keywordfinancial globalizationen
dc.titleInternational business cycle accounting-
dc.typeWorking Paperen
dc.identifier.ppn642532648en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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