• International Business Cycles: What Are the Facts? 

    Cardia, Emanuela; Zimmermann, Christian (Université de Montréal. Département de sciences économiques., 2000)
    Modern business cycle theory involves developing models that explain stylized facts. For this strategy to be successful, these facts should be well established. In this paper, we focus on the stylized facts of international business cycles. We use the ...
  • 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 ...