The Trade-Comovement Puzzle
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DOI: 10.1257/mac.20170386
Abstract: Standard international transmission mechanism of productivity shocks predicts a weak endogenous linkage between trade and business cycle synchronization: a problem known as the trade-comovement puzzle. We provide the foundational analysis of the puzzle, pointing to… read more here.
Keywords: puzzle; comovement puzzle; trade; trade comovement ... See more keywords