LEADER 04435oam 22010214 450 001 9910973345003321 005 20250426110808.0 010 $a9786613820471 010 $a9781462332663 010 $a1462332668 010 $a9781452728964 010 $a1452728968 010 $a9781282392045 010 $a1282392042 010 $a9781451908428 010 $a1451908423 035 $a(CKB)3360000000443087 035 $a(EBL)3014565 035 $a(SSID)ssj0001477232 035 $a(PQKBManifestationID)11812515 035 $a(PQKBTitleCode)TC0001477232 035 $a(PQKBWorkID)11452432 035 $a(PQKB)10792606 035 $a(OCoLC)246925337 035 $a(IMF)WPIEE2006046 035 $a(CaOOCEL)250996 035 $a(MiAaPQ)EBC3014565 035 $a(IMF)WPIEA2006046 035 $a(CaBNVSL)gtp00528131 035 $a(VaAlCD)20.500.12592/b08qt6 035 $aWPIEA2006046 035 $a(EXLCZ)993360000000443087 071 60$a250996$bCaOOCEL$q(Public Documents) 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (32 p.) 225 1 $aIMF Working Papers 300 $a"February 2006." 311 08$a9781451863062 311 08$a1451863063 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 $aAutocorrelation$2Iptcnc 606 $aBusiness cycle$2Iptcnc 606 $aCobb-douglas production function$2Iptcnc 606 $aCorrelation and dependence$2Iptcnc 606 $aEconomics$2Iptcnc 606 $aEconomy$2Iptcnc 606 $aEndogeneity (econometrics)$2Iptcnc 606 $aFinancial market$2Iptcnc 606 $aLabour economics$2Iptcnc 606 $aLogarithm$2Iptcnc 615 0$aHouseholds$xEconomic aspects 615 0$aHouseholds$xEconomic aspects 615 0$aHouseholds$xEconomic aspects 615 0$aHouseholds$xEconomic aspects 615 7$aAutocorrelation 615 7$aBusiness cycle 615 7$aCobb-douglas production function 615 7$aCorrelation and dependence 615 7$aEconomics 615 7$aEconomy 615 7$aEndogeneity (econometrics) 615 7$aFinancial market 615 7$aLabour economics 615 7$aLogarithm 676 $a306.850973 700 $aKose$b Ayhan$01815765 701 $aBlankenau$b William$01815766 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910973345003321 996 $aHow Different Is the Cyclical Behavior of Home Production Across Countries$94371269 997 $aUNINA