Divergence in Labor Market Institutions and International Business Cycles

The paper investigates the international GDP synchronization within the international real business cycle framework (Backus, Kehoe and Kydland, 1992). It sheds new light on the comovement issue by highlighting the role of cross-country divergence in labor market institutions (LMIs). We first documen...

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Bibliographic details
Main Author: FONSECA, Raquel
Sopraseuth, Thepthida
Format: Journal Article
Language: English
Place of publication: ENSAE 2009
published in: Annales d'Economie et de Statistique no. 95; pp. 279 - 314
Data of publication: 2009
Series: Annales d'Economie et de Statistique
Online Access: available in Bonn?
Database: RePEc
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