On the international transmission of technology shocks
Using vector autoregressions on U.S. time series and an aggregate of industrialized countries, we find that technology shocks appreciate the terms of trade and lower the trade balance; they induce an ‘S’-shaped cross-correlation function for both variables (the S-curve). In calibrating a prototypica...
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| Main Authors: | , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
15 February 2009
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| In: |
Journal of international economics
Year: 2009, Volume: 78, Issue: 1, Pages: 45-59 |
| ISSN: | 0022-1996 |
| DOI: | 10.1016/j.jinteco.2009.02.010 |
| Online Access: | Verlag, Volltext: http://dx.doi.org/10.1016/j.jinteco.2009.02.010 Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0022199609000282 
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| Author Notes: | Zeno Enders, Gernot J. Müller |
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