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  • International Transmission of the Business Cycle in a Multi-Sector Model 

    Ambler, Steve; Cardia, Emanuela; Zimmermann, Christian (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 ...