Emerging Market Business Cycles : The Role of Labor Market Frictions /
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical interes...
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Beste egile batzuk: | , |
Formatua: | Aldizkaria |
Hizkuntza: | English |
Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2012.
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Saila: | IMF Working Papers; Working Paper ;
No. 2012/237 |
Sarrera elektronikoa: | Full text available on IMF |