The Japan-US trade imbalance: A real business cycle perspective

Japan and the World Economy

Volumn 12, Issue 3, 2000, Pages 255-271

  Nadenichek, Jon ^a  

^a CALIFORNIA STATE UNIVERSITY   (United States)

Author keywords

F11; F41; Real business cycle; Real exchange rate; Structural VAR; Trade balance

Indexed keywords

EID: 0008056017     PISSN: 09221425     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0922-1425(00)00039-6     Document Type: Article

References (22)

1. Ahmed S., Ickes B.W., Wang P., Yoo B.S. International business cycles. The American Economic Review. 83(3):1993;335-359.
2. Ahmed S., Park J.H. Sources of macroeconomic fluctuations in small open economies. Journal of Macroeconomics. 16(1):1994;1-36.
3. Baxter M. Are consumer durables important for business cycles? The Review of Economics and Statistics. 78(1):1996;147-155.
4. Blanchard O.J., Quah D. The dynamic effects of aggregate demand and supply disturbances. The American Economic Review. 79(4):1989;655-673.
5. Chada B., Prasad E. Real exchange rate fluctuations and the business cycle: evidence from Japan. IMF Staff Papers. 44(3):1997;328-355.
6. Dickey D.A., Fuller W.A. Distribution of the estimates for autoregressive time series with a unit root. Journal of the American Statistical Society. 74:1979;427-431.
7. Dickey D.A., Fuller W.A. Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica. 49:1981;1057-1072.
8. Hamori S. Money, exchange rates and international business cycle between Japan and the United States. Applied Economic Letters. 5:1998;31-35.
9. Hamori S., Kitasaka S.I. The characteristics of the business cycle in Japan. Applied Economics. 29:1997;1105-1113.
10. Hamori S., Kitasaka S.I. A numerical analysis of the monetary aspects of the Japanese economy: the cash-in-advance approach. Applied Financial Economics. 8:1998;51-59.
11. Hamori S., Hamori N. An empirical analysis of economic fluctuations in Japan, Japan: 1885-1940. Japan and the World Economy. 12:2000;11-19.
12. Johansen S. Statistical analysis of cointegrating vectors. Journal of Economic Dynamics and Control. 12:1988;231-254.
13. Johansen S., Juselius K. Maximum likelihood estimation and inference on cointegration: with applications to the demand for money. Oxford Bulletin of Economics and Statistics. 52:1990;169-210.
14. Kim J. The relationship between the monetary regime and output volatility: a multivariate GARCH-M model of the Japanese experience 1919-1996. Japan and the World Economy. 12:2000;49-69.
15. Kim Y. The income and term of trade effect: a permanent verses transitory decomposition in US trade. Journal of International Money and Finance. 13:1994;658-678.
16. Kim Y. Income effects on the trade balance. The Review of Economics and Statistics. 78(3):1996;464-469.
17. King, R.G., Plosser, C.I., Rebelo, S.T., 1987. Technical appendix to production, growth, and business cycles. I. The basic neoclassical model. Manuscript, University of Rochester.
18. King R.G., Plosser C.I., Rebelo S.T. Production, growth, and business cycles. I. The Basic neoclassical model. Journal of Monetary Economics. 21:1988;195-232.
19. Phillips P.C. Time series regression with a unit root. Econometrica. 55:1987;277-301.
20. Phillips P.C., Perron P. Testing for a unit root in time series regression. Biometrika. 75(2):1988;335-346.
21. Said S.E., Dickey D.A. Testing for unit roots in autoregressive-moving average models of unknown order. Biometrika. 71:1984;599-607.
22. Shapiro, M., Watson, M., 1988. Sources of business cycle fluctuations. NBER Macroeconomics Annual, pp. 111-148.