Narrow search
Showing 1 - 10 of 12,356
Cover Image
Business cycles in small open economies : Evidence from panel data between 1900 and 2013
Miyamoto, Wataru - 2016
and developing countries in a model with financial frictions and a common shock structure. We estimate the model jointly …
Persistent link: https://www.econbiz.de/10013007955
Cover Image
External shocks and business cycle fluctuations in oil-exporting small open economies : the case of Nigeria
Oladunni, Sunday - In: CBN journal of applied statistics 10 (2019) 2, pp. 39-71
principal foreign drivers of the Nigerian business cycle. The global demand shock elicits the strongest responses from output … growth and inflation; while oil price shock impacts the terms-of-trade and interest rate the most. The historical … of oil price shock to inflation and interest rate is dominant. Further sensitivity analysis of pre-crisis period of 2008 …
Persistent link: https://www.econbiz.de/10012178167
Cover Image
Trade in Commodities and Business Cycle Volatility
Kohn, David - 2018
This paper studies the role of the patterns of production and international trade on the higher business cycle volatility of emerging economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model to match key...
Persistent link: https://www.econbiz.de/10012936988
Cover Image
Common Trade Exposure and Business Cycle Comovement
Avila-Montealegre, Oscar; Mix, Carter - 2021
fails to reproduce their magnitudes. Past studies have used models that allow for productivity shock transmission through … trade to strengthen the relationship between trade and comovement. We find that productivity shock transmission increases …
Persistent link: https://www.econbiz.de/10013231944
Cover Image
Common Trade Exposure and Business Cycle Comovement
Avila-Montealegre, Oscar; Mix, Carter - 2022
fails to reproduce their magnitudes. Past studies have used models that allow for productivity shock transmission through … trade to strengthen the relationship between trade and comovement. We find that productivity shock transmission increases …
Persistent link: https://www.econbiz.de/10013291764
Cover Image
Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2018
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States (DE, FR, IT, ES). We compare the response of the four countries to identical shocks and find a particularly strong response of employment and wages in ES, a high sensitivity of...
Persistent link: https://www.econbiz.de/10012054993
Cover Image
Trade in commodities and business cycle volatility
Kohn, David; Leibovici, Fernando; Tretvoll, Hakon - 2018
This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model...
Persistent link: https://www.econbiz.de/10011911446
Cover Image
Trade Shocks and Macroeconomic Fluctuations in Africa
Kose, M. Ayhan; Riezman, Raymond G. - 2021
exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …
Persistent link: https://www.econbiz.de/10013321425
Cover Image
Remittances over the business cycle : theory and evidence
De, Supriyo; Islamaj, Ergys; Kose, M. Ayhan; Yousefi, … - 2016
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
Cover Image
Remittances Over the Business Cycle : Theory and Evidence
De, Supriyo - 2016
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