International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
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https://www.nber.org/papers/w13814
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Data for OECD countries document: 1. imports and exports are about three times as volatile as GDP; 2. imports and exports are pro-cyclical, and positively correlated with each other; 3. net exports are counter-cyclical. Standard models fail to replicate the behavior of imports and exports, though
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美国国家经济研究局创建时间：
2008-02-01
