01587cas a2200253 a 4500 AALejournalIMF000279 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852936 1018-5941 BD-DhAAL BD-DhAAL Fabrizio, Stefania. Domestic, Foreign or Common Shocks? / Stefania Fabrizio, J. Lopez. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A stochastic general equilibrium model of the world economy is used to analyze the origin of international business cycles using data for Germany, Japan and the United States. The findings indicate that after 1973, common shocks play a major role in accounting for similarities in output fluctuations. However, trade interdependencies with the United States may have also played a very important role; more than 20 percent of output fluctuations of the German and Japanese economies could have been imported from the United States. Mode of access: Internet Lopez, J. IMF Working Papers; Working Paper ; No. 1996/107 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/107/001.1996.issue-107-en.xml IMF e-Library