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International Transmission of the Business Cycle in a Multi-Sector Model
(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 ...
International Business Cycles: What Are the Facts?
(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 ...
How Important Are Intergenerational Transfers of Time? a Macroeconomic Analysis
(Université de Montréal. Département de sciences économiques., 2000)
This paper examines the implications of intergenerational transfers of time and money for labor supply and capital accumulation. Although intergenerational transfers of time in the form of grandparenting are as substantial ...