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010   $a9786613820471
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aHow Different Is the Cyclical Behavior of Home Production Across Countries? /$fAyhan Kose, William Blankenau
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (32 p.)
225 1 $aIMF Working Papers
300   $a"February 2006."
311   $a1-4518-6306-3 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. DATA""; ""IV. PARAMETER CALIBRATION""; ""V. RESULTS""; ""VI. CONCLUSION""; ""References""
330 3 $aThis paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a household production sector. We use the model to generate data on home output, hours worked in the home sector, and hours spent on leisure. We find that in each country, home output is more volatile than market output while home sector hours are about as volatile as those in the market sector. In each country, leisure is the least volatile series. Leisure hours and home hours are countercyclical in all countries, and home output is not highly correlated with market output. Home sector variables are generally less persistent than market variables, and cross-country correlations related to home production tend to be lower than those related to market production. These findings demonstrate that despite some well-known structural differences in labor markets, the cyclical features of home sector variables are similar across the countries we consider.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/046
606   $aHouseholds$xEconomic aspects$zCanada
606   $aHouseholds$xEconomic aspects$zUnited States
606   $aHouseholds$xEconomic aspects$zGermany
606   $aHouseholds$xEconomic aspects$zJapan
606   $aExports and Imports$2imf
606   $aLabor$2imf
606   $aMacroeconomics$2imf
606   $aProduction and Operations Management$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf
606   $aMacroeconomics: Production$2imf
606   $aTrade: General$2imf
606   $aDemand and Supply of Labor: General$2imf
606   $aEconomic growth$2imf
606   $aInternational economics$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aConsumption$2imf
606   $aBusiness cycles$2imf
606   $aProductivity$2imf
606   $aExports$2imf
606   $aLabor markets$2imf
606   $aEconomics$2imf
606   $aIndustrial productivity$2imf
606   $aLabor market$2imf
607   $aUnited States$2imf
615  0$aHouseholds$xEconomic aspects
615  0$aHouseholds$xEconomic aspects
615  0$aHouseholds$xEconomic aspects
615  0$aHouseholds$xEconomic aspects
615  7$aExports and Imports
615  7$aLabor
615  7$aMacroeconomics
615  7$aProduction and Operations Management
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
615  7$aMacroeconomics: Production
615  7$aTrade: General
615  7$aDemand and Supply of Labor: General
615  7$aEconomic growth
615  7$aInternational economics
615  7$aLabour
615  7$aincome economics
615  7$aConsumption
615  7$aBusiness cycles
615  7$aProductivity
615  7$aExports
615  7$aLabor markets
615  7$aEconomics
615  7$aIndustrial productivity
615  7$aLabor market
700   $aKose$b Ayhan$01462080
701   $aBlankenau$b William$01462081
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788521003321
996   $aHow Different Is the Cyclical Behavior of Home Production Across Countries$93670932
997   $aUNINA