2006, English, Article, Working paper edition: How different is the cyclical behavior of home production across countries? [electronic resource] / William Blankenau and M. Ayhan Kose. Blankenau, William.

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How different is the cyclical behavior of home production across countries? William Blankenau and M. Ayhan Kose
 
Bookmark: https://trove.nla.gov.au/version/208742432
Physical Description
  • electronic text.
Published
  • Washington, D.C. : International Monetary Fund, 2006
Language
  • English

Edition details

Title
  • How different is the cyclical behavior of home production across countries? /​ William Blankenau and M. Ayhan Kose.
Also Titled
  • Ebrary Academic Complete International Subscription Collection.
Author
  • Blankenau, William.
Other Authors
  • Kose, M. Ayhan.
  • International Monetary Fund
  • Canadian Electronic Library (Firm)
  • Ebrary.
Published
  • Washington, D.C. : International Monetary Fund, 2006
Medium
  • [electronic resource]
Content Types
  • text
Carrier Types
  • online resource
Physical Description
  • electronic text.
Series
Subjects
Summary
  • This paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a household production sector. We use the model to generate data on home output, hours worked in the home sector, and hours spent on leisure. We find that in each country, home output is more volatile than market output while home sector hours are about as volatile as those in the market sector. In each country, leisure is the least volatile series. Leisure hours and home hours are countercyclical in all countries, and home output is not highly correlated with market output. Home sector variables are generally less persistent than market variables, and cross-country correlations related to home production tend to be lower than those related to market production. These findings demonstrate that despite some well-known structural differences in labor markets, the cyclical features of home sector variables are similar across the countries we consider.
Notes
  • "February 2006."
  • Issued as part of the Canadian Electronic Library, Documents collection, and Canadian public policy collection.
  • Includes bibliographical references (p. 28-30)
  • Online (ebrary)
  • Electronic reproduction. Palo Alto, Calif. : ebrary, 2011. Available via World Wide Web. Access may be limited to ebrary affiliated libraries.
Access Conditions
  • Electronic resource (access conditions)
Language
  • English
ISBN
  • 1282392042
  • 9781282392045
  • 9781451908428
  • 1451908423
Dewey Number
  • 306.850973
Libraries Australia ID
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Libraries Australia

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