Data and Replication Code for 'The Trade-Comovement Puzzle', by Drozd, Kolbin, Nosal.
Principal Investigator(s): View help for Principal Investigator(s) Lukasz Drozd, Federal Reserve Bank of Philadelphia; Sergey Kolbin, Amazon Corporation; Jaromir Nosal, Boston College
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| BKK_Model_GHH2 | 03/18/2021 03:38:PM | ||
| BKK_Model_fg_nofriction | 02/17/2020 05:15:PM | ||
| BKK_Model_friction | 02/17/2020 05:15:PM | ||
| BKK_Model_friction_AUT | 02/17/2020 05:15:PM | ||
| BKK_Model_friction_cases | 02/17/2020 05:16:PM | ||
| BKK_Model_nof_KR | 02/17/2020 05:17:PM | ||
| BKK_Model_nof_cases | 02/17/2020 05:17:PM | ||
| transition | 02/17/2020 05:17:PM | ||
|
|
application/octet-stream | 22 KB | 02/17/2020 12:12:PM |
|
|
text/x-matlab | 3.1 KB | 02/17/2020 12:12:PM |
- Total of 20 records. Records per page
- « previous Page of 2
- next »
Project Description
Summary:
View help for Summary
Standard international transmission mechanism of productivity shocks predicts a weak endogenous linkage between trade and business cycle synchronization: a problem known as the trade-comovement puzzle. We provide the foundational analysis of the puzzle, which points to three natural candidate resolutions: i) financial market frictions; ii) Green- wood–Hercowitz–Huffman preferences; and iii) dynamic trade elasticity that is low in the short run but high in the long run. We show the effects of each of these candidate resolutions analytically and evaluate them quantitatively. We find that, while i) and ii) fall short of the data, iii) goes a long way toward resolving the puzzle.
Scope of Project
JEL Classification:
View help for JEL Classification
E32 Business Fluctuations; Cycles
F32 Current Account Adjustment; Short-term Capital Movements
F41 Open Economy Macroeconomics
F44 International Business Cycles
E32 Business Fluctuations; Cycles
F32 Current Account Adjustment; Short-term Capital Movements
F41 Open Economy Macroeconomics
F44 International Business Cycles
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.