作者：Christiano, LJ
作者单位：Northwestern University
作者：Baxter, M; Kouparitsas, MA
作者单位：Boston University; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over 100 countries, both developed and developing. We search for variables that are robust in explaining comovement. using the approach of Learner (Amer. Econom. Rev. 73 (1983) 31). Variables considered are (i) bilateral trade between countries: (ii) total trade in each country; (iii) sectoral structure; (iv) similarity in export and import baskets: (v) factor endowments; and (vi) grav...
作者：Mendoza, EG; Tesar, LL
作者单位：National Bureau of Economic Research; University of Michigan System; University of Michigan; University System of Maryland; University of Maryland College Park; National Bureau of Economic Research
摘要：The integration of European financial markets in the early 1980s created an environment of near-perfect capital mobility across countries that had harmonized indirect taxes but maintained large differences in factor taxes. The years that followed witnessed several rounds of competition in capital taxes with puzzling results. Instead of the dreaded race to the bottom in capital taxes, the UK lowered its capital tax to a rate closer to those of France. Germany and Italy, while capital taxes chan...
作者：Basu, S
作者单位：University of Michigan System; University of Michigan
