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Working Paper

Sources of Business Cycles in Korea and the United States

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.

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