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Persistent link: https://www.econbiz.de/10003997779
predicts a higher variability of consumption relative to output and a strongly negative correlation between the trade balance …, our estimation for Mexico and Canada suggests more severe informational frictions in emerging markets than in developed …
Persistent link: https://www.econbiz.de/10008988424
variability of consumption relative to output and a strongly negative correlation between the trade balance and output, without …
Persistent link: https://www.econbiz.de/10014218680
Persistent link: https://www.econbiz.de/10009511495
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/10013098278
Persistent link: https://www.econbiz.de/10011300491
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/10009659836
Persistent link: https://www.econbiz.de/10009535461
Persistent link: https://www.econbiz.de/10010496954
predicts a higher variability of consumption relative to output and a strongly negative correlation between the trade balance …, our estimation for Mexico and Canada suggests more severe informational frictions in emerging markets than in developed …
Persistent link: https://www.econbiz.de/10010273643