Business Cycles in Emerging Markets is popular PDF and ePub book, written by International Monetary Fund in 2011-06-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Business Cycles in Emerging Markets can be Read Online from any device for your convenience.
Business Cycles in Emerging Markets Book PDF Summary
This paper examines how durable goods and financial frictions shape the business cycle of a small open economy subject to shocks to trend and transitory shocks. In the data, nondurable consumption is not as volatile as income for both developed and emerging market economies. The simulation of the model implies that shocks to trend play a less important role than previously documented. Financial frictions improve the ability of the model to match some key business cycle properties of emerging economies. A countercyclical borrowing premium interacts with the nature of durable goods delivering highly volatile consumption and very countercyclical net exports.
Detail Book of Business Cycles in Emerging Markets PDF
- Author : International Monetary Fund
- Release : 01 June 2011
- Publisher : International Monetary Fund
- ISBN : 9781455259380
- Genre : Business & Economics
- Total Page : 40 pages
- Language : English
- PDF File Size : 21,8 Mb
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