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Trend Shocks and Economic Development
Naoussi, Claude Francis; Tripier, Fabien - Centre d'études prospectives et d'informations … - 2013
-Saharan Africa countries. Our results suggest a strong relationship between the weight of trend shocks in the source of fluctuations … and the level of economic development. The weight of trend shocks is (i) higher in Sub-Saharan Africa countries than in …
Persistent link: https://www.econbiz.de/10010610335
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Trend shocks and business cycles in Sub Saharan Africa
Naoussi, Claude Francis; Tripier, Fabien - HAL - 2010
This article explores the role of trend shocks in explaining the specificities of business cycles in Sub-Saharan African (SSA) countries using the methodology introduced by Aguiar and Gopinath (2007) [Emerging Market Business Cycles: The Cycle Is the Trend Journal of Political Economy 115(1)]....
Persistent link: https://www.econbiz.de/10008793580
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A Small Open Economy New Keynesian DSGE Model for a Foreign Exchange Constrained Economy
Senbeta, Sisay Regassa - 2011
Firms in many low income countries depend entirely on imported capital and intermediate inputs. As a result, in these countries economic activity is considerably influenced by the capacity of the economy to import these inputs which, in turn, depends on the availability and cost of foreign...
Persistent link: https://www.econbiz.de/10013126907
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Trade Shocks and Macroeconomic Fluctuations in Africa
Kose, M. Ayhan; Riezman, Raymond G. - 2021
This paper examines the role of external shocks in explaining macroeconomic fluctuations in African countries. We construct a quantitative, stochastic, dynamic, multi-sector equilibrium model of a small open economy calibrated to represent a typical African economy. In our framework, external...
Persistent link: https://www.econbiz.de/10013321425
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Openness and growth in Sub-Saharan Africa: Time series and cross-country analysis
Sanusi, Aliyu Rafindadi - Volkswirtschaftliche Fakultät, … - 2008
growth as it “opens up” is contingent upon its own peculiarities …
Persistent link: https://www.econbiz.de/10008869269
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The impacts of credit standards on aggregate fluctuations in a small open economy : the role of monetary policy
Le, Hai - In: Economies : open access journal 9 (2021) 4, pp. 1-26
on macroeconomic volatility. First, the introduction of credit growth to the monetary policy succeeds in counteracting …
Persistent link: https://www.econbiz.de/10012800343
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The Aino 3.0 model
Silvo, Aino; Verona, Fabio - 2020
In this paper we present Aino 3.0, the latest vintage of the dynamic stochastic general equilibrium (DSGE) model used at the Bank of Finland for policy analysis. Aino 3.0 is a small-open economy DSGE model at the intersection of the recent literatures on so-called TANK (“Two-Agent New...
Persistent link: https://www.econbiz.de/10012225376
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Macroeconomic fluctuations under natural disaster shocks in Central America and the Caribbean
Wright, Allan; Borda, Patrice - 2016
This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance, consumption, and country spread to capture the economic...
Persistent link: https://www.econbiz.de/10011575500
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Aid, political business cycles and growth in Africa
Chiripanhura, Blessing M.; Niño-Zarazúa, Miguel - 2014
and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset … have an effect on growth. We find evidence to support the most recent studies showing that aid has a positive impact on … growth. We however, do not find evidence to support the proposition that institutional quality is a sine qua non conditional …
Persistent link: https://www.econbiz.de/10010494236
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Aid, political business cycles and growth in Africa
Chiripanhura, Blessing M.; Niño-Zarazúa, Miguel - 2014
and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset … have an effect on growth. We find evidence to support the most recent studies showing that aid has a positive impact on … growth. We however, do not find evidence to support the proposition that institutional quality is a sine qua non conditional …
Persistent link: https://www.econbiz.de/10010425074