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Tripier, Fabien - In: Journal of development economics 103 (2013), pp. 29-42

Persistent link: https://www.econbiz.de/10009764508

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

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

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

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

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

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

Monetary Integration in Africa : Is There a Business Cycles Synchronisation Between and Within Regional Economic Communities?

Diop, Samba - 2018

This paper focuses on business cycle synchronisation between Regional Economic Communities in Africa during the period … may have an adverse impact on integration process in Africa. This results suggest that Africa is not ready for a common …

Persistent link: https://www.econbiz.de/10012930232

Supporting African Union : do macroeconomic fluctuations matter?

Diop, Samba; Asongu, Simplice; Ndiaye, Cheikh Tidiane - 2023

growth discourages citizens' positive appraisal for the union. Our results also show an asymmetry in the relationship between … public opinion on supporting the African Union and economic growth. Policy implications are discussed. …

Persistent link: https://www.econbiz.de/10014445806

Financial openness and macroeconomic volatility

Hagen, Jürgen von (contributor); Zhang, Haiping (contributor) - 2006

We analyze the implications of financial openness to macroeconomic volatility in a small open economy. Major macroeconomic aggregates show non-monotonic volatility patterns with respect to the degree of financial openness in the model without domestic financial frictions. The introduction of...

Persistent link: https://www.econbiz.de/10003449265

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