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Macro-fiscal gains from anti-corruption reforms in the Republic of Congo

Melina, Giovanni; Selim, Hoda; Verdugo Yepes, Concepcion - 2019

adopted, the potential additional growth can range between 0.8 to 1.8 percent per year over the next 10 years, and debt can …

Persistent link: https://www.econbiz.de/10012022067

Emerging Market Business Cycles : The Role of Labor Market Frictions

Boz, Emine - 2012

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...

Persistent link: https://www.econbiz.de/10014395610

Employment Protection and Business Cycles in Emerging Economies

Lama, Ruy - 2011

We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features matching frictions and an endogenous selection effect by which inefficient jobs are destroyed in...

Persistent link: https://www.econbiz.de/10014397095

Business cycles in emerging markets : the role of durable goods and financial frictions

Alvarez, Fernando; Brandao Marques, Luis; Toledo, Manuel - 2011

Persistent link: https://www.econbiz.de/10009424779

Macroprudential policy and labor market dynamics in emerging economies

Finkelstein Shapiro, Alan; González, Andrés - 2015

Persistent link: https://www.econbiz.de/10011281617

Business Cycles in Small Developed Economies : The Role of Terms of Trade and Foreign Interest Rate Shocks

Guajardo, Jaime - 2008

Empirical evidence for small developed economies finds that consumption is procyclical and as volatile as output, and real net exports are coutercyclical. Earlier studies have not been able to reproduce these regularities in a DSGE small open economy model when productivity shocks drive the...

Persistent link: https://www.econbiz.de/10014401081

Financial Frictions and Business Cycles in Middle-Income Countries

Guajardo, Jaime - 2008

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’...

Persistent link: https://www.econbiz.de/10014401285

Accounting for Output Drops in Latin America

Lama, Ruy - 2009

This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. I develop an open economy version of the business cycle accounting methodology (Chari, Kehoe, and McGrattan, 2007) in which output fluctuations are decomposed into four sources: total...

Persistent link: https://www.econbiz.de/10014402570

Overborrowing, Financial Crises and ‘Macro-Prudential’ Policy?

Mendoza, Enrique G. - 2011

This paper studies overborrowing, financial crises and macro-prudential policy in an equilibrium model of business cycles and asset prices with collateral constraints. Agents in a decentralized competitive equilibrium do not internalize the negative effects of asset fire-sales on the value of...

Persistent link: https://www.econbiz.de/10014402904

Regional growth spillovers in Sub-Saharan Africa

Arizala, Francisco; Bellon, Matthieu; MacDonald, Margaux - 2019

-wide integration and the associated growth spillovers are discussed. Actions policymakers in sub-Saharan Africa can take to capture the …This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to … important growth spillovers in the region, and identifies the main source countries and those most vulnerable to the economic …

Persistent link: https://www.econbiz.de/10012102160