Browsing Faculté des arts et des sciences – Département de sciences économiques - Cahiers de recherche by Subject "open economy macroeconomics"
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(Université de Montréal. Département de sciences économiques., 2000)Multi-country models have not been very successful in replicating important features of the international transmission of business cycles. Standard models predict cross-country correlations of output and consumption which are respectively too low and ...