Firms' entry, monetary policy and the international business cycle

被引：23

作者：

Cavallari, Lilia ^{[1
]}

机构：

[1] Univ Rome III, Dept Polit Sci, I-00145 Rome, Italy

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 2013年 / 91卷 / 02期

关键词：

Firm entry; International business cycle; International comovements; Comovement puzzles; Taylor rule; Firm markups; EXCHANGE-RATE; ENDOGENOUS-ENTRY; PRODUCT VARIETY; MARKET; MODEL; REAL; TRADE; EXIT; FDI;

D O I：

10.1016/j.jinteco.2013.07.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper proposes a two-country monetary model with firm entry as a means for alleviating the comovement puzzles in international business cycle models. It shows that business formation can generate fluctuations in output, employment, investment and trade flows close to those in the data while at the same time providing positive international comovements. Simulations show that the presence of imported investment goods is essential for replicating these facts. (C) 2013 Elsevier B.V. All rights reserved.

引用

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页码：263 / 274

页数：12

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