Papers by David K. Backus

Showing 3 papers

Published Classic Journal of International Economics Published Nov 1993

Consumption and real exchange rates in dynamic economies with non-traded goods

Nontraded goods had been invoked to explain several international puzzles at once -- persistent deviations from purchasing power parity, low cross-country consumption correlations, and real interest …

Exchange Rates Open Economy Macro International Finance Household Consumption Business Cycles Free Read ↗

Published Classic American Economic Review Published Sep 1992

International Evidence of the Historical Properties of Business Cycles

David K. Backus · Patrick J. Kehoe

Backus and Kehoe assemble at least a century of annual national-accounts data for ten countries (Australia, Canada, Denmark, Germany, Italy, Japan, Norway, Sweden, the United Kingdom, and the United …

Business Cycles Inflation Dynamics International Free Read ↗

Published Classic Journal of Political Economy Published Aug 1992

International Real Business Cycles

David K. Backus · Patrick J. Kehoe · Finn E. Kydland

Backus, Kehoe, and Kydland build a two-country extension of Kydland and Prescott's (1982) closed-economy real-business-cycle model -- with complete international asset markets, country-specific …

Real Business Cycle Theory Business Cycles International Open Economy Macro Macro Dynamics Free Read ↗