Interlinkage in the endogenous real business cycles of international economies
Interlinkage in the endogenous real business cycles of international economies
复制标题
国际经济内生实际商业周期的相互联系
DOI：
10.1007/978-3-642-22397-6_5
复制
发表时间：
1993
期刊：
影响因子：
1.3
通讯作者：
M. Yano
中科院分区：
文献类型：
--
作者：
K. Nishimura;M. Yano
国际贸易将贸易国的商业周期联系在一起，因为它将一国代理人的经济活动与另一国代理人的经济活动联系在一起。在某些情况下，由于贸易的原因，一个国家的商业周期可能分布在世界各地。在其他情况下，同一个国家的商业周期可能会被抹去。本研究从内生真实的经济周期的角度解释了国际贸易的这一功能。为此，我们考虑一个完美的前瞻均衡模型与两个国家和两国的商业周期的相互联系的特点。
International trade interlinks the business cycles of trading countries, as it relates economic activities of agents in one country to those in another. In some cases, as a result of trade, a country’s business cycles may be spread throughout the world. In other cases, the same country’s business cycles may be erased. The present study explains this function of international trade, which has not been treated in the literature, from the viewpoint of endogenous real business cycles. For this purpose, we consider a perfect foresight equilibrium model with two countries and characterize the interlinkage of the two countries’ business cycles.