 | How Long is the Long Run? A Dynamic Analysis of the Spanish Business Cycle Author/Editor: J Humberto Lopez, Stefania Fabrizio, Angel J Ubide. Release Date:June, 1997 This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is more...
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| Domestic, Foreign or Common Shocks? Author/Editor: Stefania Fabrizio, J Humberto Lopez. Release Date:September, 1996 A stochastic general equilibrium model of the world economy is used to analyze the origin of international business cycles using data for Germany, Japan and the United States. The findings indicate more...
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