Trade in Intermediate Inputs and Business Cycle Comovement

Robert C. Johnson

NBER Working Paper No. 18240
Issued in July 2012

---- Acknowledgements -----

I thank Rudolfs Bems, Andrew Bernard, Stefania Garetto, Jean Imbs, Luciana Juvenal, Esteban Rossi-Hansberg, Nina Pavcnik, and Kei-Mu Yi for helpful conversations, as well as participants in presentations at the Dallas Federal Reserve, Johns Hopkins (SAIS), Penn State, Stanford, the St. Louis Federal Reserve, UC Santa Cruz, the 2011 AEA meetings, and the 2010 EIIT Conference. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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