Patrick Kehoe's comment on "determinants of business cycle comovement; a robust analysis" by Marianne Baxter and Michael Kouparitsas
By: Patrick Kehoe.
Contributors: Baxter, Marianne, 1956-; Kouparitsas, Michael A.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report ;; 349; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;; 349.
Publisher: Federal Reserve Bank of Minneapolis
Published: 2004
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Business cycles.
Description: "This paper by Baxter and Kouparitsas is an ambitious attempt to explore which variables are robust in explaining the correlations of bilateral GDP between countries at business cycle frequencies.  Most of the variables turned out to be fragile.  The main contribution is to show that countries with large amounts of bilateral trade tend to have robustly higher business cycle correlations.  Another interesting finding is that neither currency unions nor industrial structure are robustly related to business cycle correlations"--Federal Reserve Bank of Minneapolis web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/9/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.