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010   $a1-4623-3055-X
010   $a1-4518-7214-3
010   $a9786612842887
010   $a1-4519-9130-4
010   $a1-282-84288-9
035   $a(CKB)3170000000055228
035   $a(SSID)ssj0000940032
035   $a(PQKBManifestationID)11491948
035   $a(PQKBTitleCode)TC0000940032
035   $a(PQKBWorkID)10948361
035   $a(PQKB)11287724
035   $a(OCoLC)550641092
035   $a(MiAaPQ)EBC1605894
035   $a(IMF)WPIEE2009067
035   $a(EXLCZ)993170000000055228
100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aAccounting for Output Drops in Latin America /$fRuy Lama
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a49 p. $cill
225 1 $aIMF Working Papers
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1649-3 
320   $aIncludes bibliographical references.
330 3 $aThis paper evaluates what type of models can account for the recent episodes of output drops in Latin America. I develop an open economy version of the business cycle accounting methodology (Chari, Kehoe, and McGrattan, 2007) in which output fluctuations are decomposed into four sources: total factor productivity (TFP), a labor wedge, a capital wedge, and a bond wedge. The paper shows that the most promising models are the ones that induce fluctuations of TFP and the labor wedge. On the other hand, models of fnancial frictions that translate into a bond or capital wedge are not successful in explaining output drops in Latin America. The paper also discusses the implications of these results for policy analysis using alternative DSGE models.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/067
606   $aBusiness cycles$zLatin America
606   $aBusiness forecasting$zLatin America
606   $aInvestments: Bonds$2imf
606   $aMacroeconomics$2imf
606   $aEconomic Theory$2imf
606   $aProduction and Operations Management$2imf
606   $aLabor Economics: General$2imf
606   $aProduction$2imf
606   $aCost$2imf
606   $aCapital and Total Factor Productivity$2imf
606   $aCapacity$2imf
606   $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aFinancial Economics$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aEconomic growth$2imf
606   $aInvestment & securities$2imf
606   $aEconomic theory & philosophy$2imf
606   $aLabor$2imf
606   $aTotal factor productivity$2imf
606   $aBusiness cycles$2imf
606   $aBonds$2imf
606   $aFinancial frictions$2imf
606   $aLabor economics$2imf
606   $aIndustrial productivity$2imf
606   $aEconomic forecasting$2imf
607   $aArgentina$2imf
615  0$aBusiness cycles
615  0$aBusiness forecasting
615  7$aInvestments: Bonds
615  7$aMacroeconomics
615  7$aEconomic Theory
615  7$aProduction and Operations Management
615  7$aLabor Economics: General
615  7$aProduction
615  7$aCost
615  7$aCapital and Total Factor Productivity
615  7$aCapacity
615  7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aFinancial Economics
615  7$aLabour
615  7$aincome economics
615  7$aEconomic growth
615  7$aInvestment & securities
615  7$aEconomic theory & philosophy
615  7$aLabor
615  7$aTotal factor productivity
615  7$aBusiness cycles
615  7$aBonds
615  7$aFinancial frictions
615  7$aLabor economics
615  7$aIndustrial productivity
615  7$aEconomic forecasting
700   $aLama$b Ruy$01472724
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788338603321
996   $aAccounting for Output Drops in Latin America$93685591
997   $aUNINA