Real Business Cycles in a Small Open EconomyFeldstein, MartinLong, John
real business cyclesemerging economiesinternational growthinternational interest ratesT his paper is aimed at developing a business-cycle model for a small open emerging economy (SOEE). The model is parameterized, calibrated, and simulated to rationalize two important stylized facts in a SOEE. The ...
This article analyzes the impact of the unpredictability of foreign aid on macroeconomic fluctuations in the recipient country. I build a small open-economy business cycle model that accounts for foreign aid shocks, with no preference shocks. The model is calibrated to reflect the structural ...
s et s .JEL Classification: F41, E32, D58.Key Words: world interest rates, business cycles, dynamic stochastic general equilibrium models, small openeconomy. *W e t hank Nar ayana Kocher l akot a, Si mon Pot t er , and t wo anonymous r ef er ees f or hel pf ul comment s . ...
Production Sharing and Real Business Cycles in a Small Open Economy,” Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working ... JJ Lopez - 《Globalization & Monetary Policy Institute Working Paper》 被引量: 24发表: 2007年 Real Business Cycle Models in Economics Real...
Business Cycles in Small Developed Economies: The Role of Terms of Trade and Foreign Interest Rate Shocks regularities in a DSGE small open economy model when productivity shocks drive the business cycles and households have a normal intertemporal elasticity of ... J Guajardo - 《Imf Working Papers...
business cyclesdeveloping economiesdynamic stochastic general equilibrium modelssmall open economy modelsbayesian estimationcan frictionless small open economy models driven solely by technology shocks account for business cycles in developing countries? we do not find evidence of it. we build a dsge model ...
Business cycles in a small open economy European Economic Review (1995) A Giovannini Exchange rates and traded goods prices Journal of International Economics (1988) K Kimbrough The optimum quantity of money rule in the theory of public finance Journal of Monetary Economics (1986) C Reinhart et ...
Theory policy and dynamics in international trade: Essays in honour of Ronald W. Jones. Cambridge University Press, 1991 Roychoudhury, M.: A general model of trade and optimal accumulation in a small open economy: existence and turnpike results. Keio Econ. Stud. forthcoming Sheinkman, J.:...
A Vasilev - 《Journal of Mathematical Economics & Finance》 被引量: 0发表: 2020年 Can world real interest rates explain business cycles in a small open economy? :Examines the importance of world real interest rate shocks using an approach that reverses the standard real business cycle model. ...