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Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). This paper documents how these fluctuations correlate strongly with the business cycle in EMEs. A commodity sector is then embedded into a multi-country EMEs business cycle...
Persistent link: https://www.econbiz.de/10011458177
Persistent link: https://www.econbiz.de/10011405496
Colombia is a small open and commodity exporter economy, sensitive to international commodity price fluctuations. During the surge in commodity prices, as income from the resource sector increases total credit expands, boosting demand for tradable and nontradable goods, appreciating the currency...
Persistent link: https://www.econbiz.de/10013018426
Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). We document how these fluctuations correlate strongly with the business cycle in EMEs. We then embed a commodity sector into a multi-country EMEs' business cycle model where...
Persistent link: https://www.econbiz.de/10012482831
Persistent link: https://www.econbiz.de/10012037842
Fluctuations in commodity prices are an important driver of business cycles in small emerging market economies (EMEs). We document how these fluctuations correlate strongly with the business cycle in EMEs. We then embed a commodity sector into a multi-country EMEs' business cycle model where...
Persistent link: https://www.econbiz.de/10012996079
Persistent link: https://www.econbiz.de/10012999326
Colombia, like other Emerging Market economies, is a small open and commodity exporter economy. The predominant type of the commodity exported has varied, from coffee in the past century to oil in the current one. Nonetheless the importance of the commodity exporting sectors for the Colombian...
Persistent link: https://www.econbiz.de/10012982322