Business Cycles in Emerging Markets : the Role of Durable Goods and Financial Frictions.
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| Corporate author / creator: | International Monetary Fund. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, 2011. |
| Description: | 1 online resource (38 pages) |
| Language: | English |
| Series: | IMF Working Papers, 2227-8885 ; Working Paper No. 11/133 IMF Working Papers ; Working Paper no. 11/133. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12508116 |
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| 110 | 2 | |a International Monetary Fund. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 245 | 1 | 0 | |a Business Cycles in Emerging Markets : |b the Role of Durable Goods and Financial Frictions. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2011. | ||
| 300 | |a 1 online resource (38 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 2227-8885 ; |v Working Paper No. 11/133 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | 3 | |a 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. | |
| 650 | 0 | |a Business cycles |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Consumer goods |z Developing countries |x Econometric models. | |
| 650 | 7 | |a Business cycles |x Econometric models. |2 fast |0 (OCoLC)fst00842461 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 655 | 0 | |a Electronic books. | |
| 655 | 4 | |a Electronic books. | |
| 710 | 2 | |a International Monetary Fund. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 830 | 0 | |a IMF Working Papers ; |v Working Paper no. 11/133. | |
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| 928 | |t Library of Congress classification |a HG3881.5.I58 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2011/133/001.2011.issue-133-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12152588 | ||