29 research outputs found

    The international synchronisation of business cycles: the role of animal spirits

    Get PDF
    Business cycles among industrial countries are highly correlated. We develop a two-country behavioral macroeconomic model where the synchronization of the business cycle is produced endogenously. The main channel of synchronization occurs through a propagation of “animal spirits”, i.e. waves of optimism and pessimism that become correlated internationally. We find that this propagation occurs with relatively low levels of trade integration. We do not need a correlation of exogenous shocks to generate synchronization. We also empirically test the main predictions of the model

    Then Rushed In Sanitary Trucks . . .

    No full text
    Photograph used for a story in the Daily Oklahoman newspaper

    [Photograph 2012.201.B1008.0653]

    No full text
    Photograph used for a story in the Daily Oklahoman newspaper. Caption: "Moss Patterson holds Dan Larry D 4 herd sire of the Lazy S ranch's registered Herefords. This $8,500 bull has been champion of many Herford shows.

    [Photograph 2012.201.B0246.0068]

    No full text
    Photograph taken for a story in the Daily Oklahoman newspaper. Caption: "This is headquarters of the Cravens Hereford Ranch north of Oklahoma City.

    [Photograph 2012.201.B0246.0063]

    No full text
    Photograph taken for a story in the Daily Oklahoman newspaper. Caption: "Rancher manager Al Wamboldt and herdsman Harvey Joe Burns hold CR Baca Prince I and CR Baca Duchess 70, a bull and heifer in the Cravens ranch show herd, while R. D. Cravens looks on.

    [Photograph 2012.201.B1267.0416]

    No full text
    Photograph used for a story in the Daily Oklahoman newspaper. Caption: "Beaver County agent Bill Strom, left, compares heads of standard grain sorghum with loose open head of commercial hybrid grown this year by Lyle Wheeler.

    [Photograph 2012.201.B0246.0062]

    No full text
    Photograph taken for a story in the Daily Oklahoman newspaper. Caption: "Mr. and Mrs. Cravens look over the guest book showing names of visitors and cattle customers.
    corecore