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International Co-movements of Business Cycles in a ‘Phase-locking’ Model

✍ Scribed by Thomas Brenner; Wolfgang Weidlich; Ulrich Witt


Book ID
108550930
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
312 KB
Volume
53
Category
Article
ISSN
0026-1386

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Interactions of real GNP business cycles
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## Abstract The paper describes a procedure for examining short‐run dynamic interactions among macroeconomic models by constructing aggregate state‐space submodels for dynamic modes corresponding with short‐run response patterns. Using the quarterly real GNP from the US, Germany, and Japan for 1974