A spectral analysis of the cross-country consumption correlation puzzle
By: Michael R. Pakko.
Contributors: Federal Reserve Bank of St. Louis.
Series: Working paper ;; 2003-023B; Working paper (Federal Reserve Bank of St. Louis : Online) ;; 2003-023B.
Publisher: Federal Reserve Bank of St. Louis
Published: 2003
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Subjects: Business cycles -- Econometric models.
Description: "Dynamic general equilibrium models predict high cross-country consumption correlations, whereas the data show that output correlations tend to be higher.  Spectral decomposition reveals that this ranking varies across frequency bands, with consumption correlations often exceeding output correlations at higher frequencies"--Federal Reserve Bank of St. Louis web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/28/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.