| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965552 | Journal of Macroeconomics | 2012 | 24 Pages |
Abstract
⺠The paper studies the role of labor market frictions in international business cycle comovement. ⺠To this aim, we embed labor market search frictions in a two-country New Keynesian model. ⺠Labor market frictions enhance business cycle comovement, making the model closer to the data. ⺠Both nominal and rigidities on the labor market substantially contributes to this result.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lise Patureau,