Fonseca, Raquel; Patureau, Lise; Sopraseuth, Thepthida - Théorie Économique, Modélisation, Application … - 2008
This paper investigates the sources of business cycle comovement within the New Open Economy Macroeconomy framework. It sheds new light on the business cycle comovement issue by examining the role of cross-country divergence in labor market institutions. We first document stylized facts...