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- Title
Interlinkage in the endogenous real business cycles of international economies.
- Authors
Nishimura, Kazuo; Yano, Makoto
- Abstract
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.
- Subjects
BUSINESS cycles; INTERNATIONAL trade; BUSINESS conditions; ECONOMIC equilibrium; ECONOMIC activity; PRICES; BUSINESS confidence indexes
- Publication
Economic Theory, 1993, Vol 3, Issue 1, p151
- ISSN
0938-2259
- Publication type
Article
- DOI
10.1007/BF01213698