This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Perspectives: Vol. 13 No. 2 (Spring 1999)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


Business Cycles in International Historical Perspective

Article Citation

Basu, Susanto, and Alan M. Taylor. 1999. "Business Cycles in International Historical Perspective." Journal of Economic Perspectives, 13(2): 45-68.

DOI: 10.1257/jep.13.2.45

Abstract

This paper examines business cycles theoretically and empirically, with a quantitative study based on data for a cross section of countries. Theoretical concerns indicate that the properties of business cycle models depend not only on important structural aspects of the model, such as money neutrality, labor market structure, and price adjustment, but also on the closure of the model in international markets. Econometric considerations suggest that panel data can provide more information about the country-specific versus universal features of cycles. The authors review business cycle properties in a sample of over a dozen counties in light of these issues.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

Basu, Susanto (U MI and NBER)
Taylor, Alan M. (Northwestern U and NBER)

JEL Classifications

E32: Business Fluctuations; Cycles
F43: Economic Growth of Open Economies
N10: Economic History: Macroeconomics and Monetary Economics; Growth and Fluctuations: General, International, or Comparative

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us