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A spectral analysis of the cross-country consumption correlation puzzle [An article from: Economics Letters]
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Book Details
Author(s)
M.R. Pakko
Publisher
Elsevier
ISBN / ASIN
B000RQYKOO
ISBN-13
978B000RQYKO2
Marketplace
India 🇮🇳
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Description
This digital document is a journal article from Economics Letters, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
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.
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.
