The Cycle Is the Trend: A Distinction of Emerging Market Business Cycles? - Softcover

Rogulenko, Victor

 
9783659431692: The Cycle Is the Trend: A Distinction of Emerging Market Business Cycles?
Softcover
ISBN 10: 3659431699 ISBN 13: 9783659431692
Verlag: LAP LAMBERT Academic Publishing, 2013

Inhaltsangabe

In their seminal paper, Aguiar and Gopinath (2007) develop a dynamic general equilibrium model with permanent (trend) and transitory shocks and show on a 1980-2003 dataset for Canada and Mexico that the relative importance of permanent to transitory hocks distinguishes emerging markets from developed small open economies. I extend their framework over the period 1980-2012 and include Mexico, Brazil, and Argentina as benchmark emerging markets and Canada, Portugal, and Spain as their developed counterparts. In contrast with Aguiar and Gopinath, I find that big economic events, rather than particular market classications, determine the volatility of the output trend in any given country.

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Reseña del editor

In their seminal paper, Aguiar and Gopinath (2007) develop a dynamic general equilibrium model with permanent (trend) and transitory shocks and show on a 1980-2003 dataset for Canada and Mexico that the relative importance of permanent to transitory hocks distinguishes emerging markets from developed small open economies. I extend their framework over the period 1980-2012 and include Mexico, Brazil, and Argentina as benchmark emerging markets and Canada, Portugal, and Spain as their developed counterparts. In contrast with Aguiar and Gopinath, I find that big economic events, rather than particular market classications, determine the volatility of the output trend in any given country.

Biografía del autor

Victor is a young Russian economist working on various macroeconomic issues, in particular real business cycles and forecasting methods in economics. This manuscript was written during his visiting year at the Department of Economics, University of Minnesota

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2013
Sprache
Englisch
ISBN 10 
3659431699
ISBN 13 
9783659431692
Einband
Tapa blanda
Anzahl der Seiten
52
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