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Increasing Business Cycles Synchronization : The Role of Global Value Chains, Market Power and Extensive Margin Adjustments

In this note, based on de Soyres and Gaillard (2019a, 2019b), we argue that the propagation of shocks across countries through trade linkages is large and propose the first model that accounts for such propagation with a magnitude in line with the data
Year of publication:
2020
Authors: de Soyres, Francois
Other Persons: Gaillard, Alexandre (contributor)
Publisher: [2020]: [S.l.] : SSRN
Subject: Marktmacht | Market power | Konjunkturzusammenhang | Business cycle synchronization | Globalisierung | Globalization | Konjunktur | Business cycle | Globale Wertschöpfungskette | Global value chain
Description of contents: Abstract [papers.ssrn.com]
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