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...
| Tác giả chính: | |
|---|---|
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2008.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 2008/020 |
| Truy cập trực tuyến: | Full text available on IMF |