Explaining international business cycle synchronization: recursive preferences and the terms of trade channel

DOI10.1007/s11079-018-9515-yzbMath1407.91173OpenAlexW3121951650MaRDI QIDQ1723071

Robert Kollmann

Publication date: 19 February 2019

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: https://cama.crawford.anu.edu.au/sites/default/files/publication/cama_crawford_anu_edu_au/2017-03/21_2017_kollmann.pdf

zbMATH Keywords

terms of tradereal exchange raterecursive preferencesinternational business cycle synchronizationwealth effect on labor supply

Mathematics Subject Classification ID

Trade models (91B60) Economic growth models (91B62)

Related Items

Business cycle co-movement in Europe: trade, industry composition and the single currency

Uses Software

• Dynare

Cites Work

• Incomplete asset markets and the cross-country consumption correlation puzzle
• Financial globalization and real regionalization
• Exchange rates dynamics with long-run risk and recursive preferences
• The International Transmission of Real Business Cycles
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework