English, Article, Journal or magazine article edition: International Business Cycles, Financial Markets and Household Production Fabio Canova; Ángel J. Ubide

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Bookmark: http://trove.nla.gov.au/version/153241
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • International Business Cycles, Financial Markets and Household Production
Author
  • Fabio Canova
  • Ángel J. Ubide
Physical Description
  • preprint
Notes
  • This paper investigates the properties of an international real business cycle model with household production. We show that a model with disturbances to both market and household technologies reproduces the main regularities of the data and improves existing models in matching international consumption, investment and output correlations without irrealistic assumptions on the structure of international financial markets. Sensitivity analysis shows the robustness of the results to alternative specifications of the stochastic processes for the disturbances and to variations of unmeasured parameters within a reasonable range.
  • Household production, international business cycles, taste shocks, consumption correlations
  • RePEc:upf:upfgen:204
Language
  • English
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