Financial Frictions and Business Cycles in Middle-Income Countries /
A standard DSGE small open economy model can not generate the cyclical regularities of middle-income countries. It predicts excessive consumption smoothing, and procyclical, instead of countercyclical, real net exports. Previous studies have solved this problem by increasing the shocks' persist...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 2008/020 |
| الوصول للمادة أونلاين: | Full text available on IMF |