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010   $a9786613820471
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035   $a(OCoLC)246925337
035   $a(IMF)WPIEE2006046
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100   $a20080331d2006      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? /$fWilliam Blankenau and M. Ayhan Kose
205   $a1st ed.
210   $aWashington, D.C. $cInternational Monetary Fund$d2006
215   $a1 online resource (32 p.)
225 1 $aIMF working paper ;$vWP/06/46
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 paper ;$vWP/06/46.
606   $aHouseholds$xEconomic aspects$zCanada
606   $aHouseholds$xEconomic aspects$zUnited States
606   $aHouseholds$xEconomic aspects$zGermany
606   $aHouseholds$xEconomic aspects$zJapan
615  0$aHouseholds$xEconomic aspects
615  0$aHouseholds$xEconomic aspects
615  0$aHouseholds$xEconomic aspects
615  0$aHouseholds$xEconomic aspects
700   $aBlankenau$b William$01693830
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910814664603321
996   $aHow different is the cyclical behavior of home production across countries$94191051
997   $aUNINA