"Tropical" real business cycles? a bayesian exploration
Can frictionless small open economy models driven solely by technology shocks account for business cycles in developing countries? We don't find evidence of it.We build a DSGE model that jointly includes a variety of real perturbations in addition to technology shocks, such as procyclical fisca...
- Autores:
-
Fernández, Andrés
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2011
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8281
- Acceso en línea:
- http://hdl.handle.net/1992/8281
- Palabra clave:
- Business cycles
Eveloping economies
Dynamic stochastic general equilibrium models
Small open economy models
Bayesian estimation
Ciclos económicos - Colombia
Mercados emergentes
E32, F41, F47, C11
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/