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output, investment, and net exports. We reexamine the importance of world real interest rate shocks using an approach that …'s observable endogenous variables. Then we use variance decompositions to examine the importance of each shock. We apply this …
Persistent link: https://www.econbiz.de/10012735713
This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer during periods of high business cycle volatility. Four main findings are reported. First, in theory, the cyclical behavior of remittances depends on the motives to remit. Second,...
Persistent link: https://www.econbiz.de/10011453670
Persistent link: https://www.econbiz.de/10011757228
This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer during periods of high business cycle volatility. Four main findings are reported. First, in theory, the cyclical behavior of remittances depends on the motives to remit. Second,...
Persistent link: https://www.econbiz.de/10012995941
Persistent link: https://www.econbiz.de/10000659191
and almost 78 percent of investment fluctuations are explained by the external shocks. We also find that the propagation … productivity shocks. While positive domestic productivity shocks induce short-lived economic expansions, adverse external shocks …
Persistent link: https://www.econbiz.de/10014061240
Persistent link: https://www.econbiz.de/10013408170
Persistent link: https://www.econbiz.de/10001573295
exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …
Persistent link: https://www.econbiz.de/10001435817
exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …
Persistent link: https://www.econbiz.de/10013321425