; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "International Real Business Cycles"; ; "batchuser@example.com"; "Backus, David", "Kehoe, Patrick J.", "Kydland, Finn E."; "Federal Reserve Bank of Minneapolis"; "We ask whether a two-country real business cycle model can account simultaneously for domestic and international aspects of business cycles. With this question in mind, we document a number of discrepancies between theory and data. The most striking discrepancy concerns the correlations of consumption and output across countries. In the data, outputs are generally more highly correlated across countries than consumptions. In the model we see the opposite."^^; "1991-11"; "2019-09-14T04:00:18.483681813+00:00"^^; "https://doi.org/10.21034/sr.146"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-06-05T21:17:17.495351606+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "393", "48", "433"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "146"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; """Published in: _Journal of Political Economy_ (Vol 100, Num 4, August 1992, pp. 745-775) https://doi.org/10.1086/261838. Published in: _Open Economy Macroeconomics_ (Vol. 2, 2006, pp. 154-184) An earlier version of this Staff Report circulated as [Working Paper 426](https://doi.org/10.21034/wp.426)."""^^; ; "Publication" . ; .