"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...

Full description

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/