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Working Paper

Sources of Business Cycles in Korea and the United States

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The authors estimate common and nation-specific components of technology shocks, real demand shocks, and combined (common and nation-specific) monetary shocks using quarterly data for Korea and the United States.
12.01.1998ISSN 2573-7953 WP 98-22DOI 10.26509/frbc-wp-199822

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Altig, David, and Alan Stockman. 1998. “Sources of Business Cycles in Korea and the United States.” Federal Reserve Bank of Cleveland, Working Paper No. 98-22. https://doi.org/10.26509/frbc-wp-199822