The common sources of business cycles in Trans-Pacific countries and the US? A comparison with NAFTA
This paper uses both a non-structural and a structural approach to investigate the drivers of the business cycles in the US and 15 Trans-Pacific (TP) countries. Our non-structural analysis, based on a principal component methodology, reveals the shares of variation in macroeconomic variables that ar...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Blackwell Publishing Ltd
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |