Real Business Cycles In As Small Open Economy The Canadian Case PDF Download
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Author | : Enrique G. Mendoza |
Publisher | : London : Department of Economics, University of Western Ontario |
Total Pages | : 44 |
Release | : 1988 |
Genre | : Business cycles |
ISBN | : |
Download Real Business Cycles in as [i.e. A] Small Open Economy Book in PDF, ePub and Kindle
Author | : Enrique G. MENDOZA |
Publisher | : |
Total Pages | : |
Release | : 1988 |
Genre | : |
ISBN | : |
Download REAL BUSINESS CYCLES IN AS SMALL OPEN ECONOMY: THE CANADIAN CASE Book in PDF, ePub and Kindle
Author | : Enrique G. Mendoza |
Publisher | : London : Department of Economics, University of Western Ontario |
Total Pages | : 46 |
Release | : 1989 |
Genre | : Business cycles |
ISBN | : |
Download Business Cycles, Adjustment Costs and the Theory of Investment in a Small Open Economy Book in PDF, ePub and Kindle
Author | : Ms.Valerie Cerra |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2020-05-29 |
Genre | : Business & Economics |
ISBN | : 1513536990 |
Download Hysteresis and Business Cycles Book in PDF, ePub and Kindle
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author | : Martín Uribe |
Publisher | : Princeton University Press |
Total Pages | : 646 |
Release | : 2017-04-04 |
Genre | : Business & Economics |
ISBN | : 0691158770 |
Download Open Economy Macroeconomics Book in PDF, ePub and Kindle
A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes
Author | : Mamoon Ul Kader |
Publisher | : |
Total Pages | : 35 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download Evolution of Canadian Business Cycle with Terms of Trade Book in PDF, ePub and Kindle
The terms of trade of commodity exporting small open economies are subject to large variations, and can be an important source of macroeconomic fluctuations. This paper quantifies the relationship between the terms of trade and the business cycle using a small open economy real business cycle model. I then use this model to explore the implications of terms of trade shocks as a source of business cycle fluctuations in Canada. Results suggest that terms of trade shocks have been increasingly important in Canada since the commodity price boom in 2002.
Author | : Mr.Pau Rabanal |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 2004-12-01 |
Genre | : Business & Economics |
ISBN | : 1451875657 |
Download Technology Shocks and Aggregate Fluctuations Book in PDF, ePub and Kindle
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Author | : Matthew J. Kotchen |
Publisher | : University of Chicago Press |
Total Pages | : 275 |
Release | : 2022-01-24 |
Genre | : Business & Economics |
ISBN | : 0226821749 |
Download Environmental and Energy Policy and the Economy Book in PDF, ePub and Kindle
This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.
Author | : Sebastian Edwards |
Publisher | : University of Chicago Press |
Total Pages | : 782 |
Release | : 2002-11-15 |
Genre | : Business & Economics |
ISBN | : 9780226184944 |
Download Preventing Currency Crises in Emerging Markets Book in PDF, ePub and Kindle
Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations, and public and private sector economists explore the causes of and effective policy responses to international currency crises. Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds). Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.
Author | : Camila Casas |
Publisher | : International Monetary Fund |
Total Pages | : 62 |
Release | : 2017-11-22 |
Genre | : Business & Economics |
ISBN | : 1484330609 |
Download Dominant Currency Paradigm: A New Model for Small Open Economies Book in PDF, ePub and Kindle
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.