LEADER 01700nas 2200517-a 450 001 996217516103316 005 20231101153108.0 011 $a1865-6773 035 $a(OCoLC)65222613 035 $a(CKB)1000000000429467 035 $a(CONSER)--2006262116 035 $a(DE-599)ZDB2222196-7 035 $a(EXLCZ)991000000000429467 100 $a20060328a20069999 s-- - 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aCaucasian review of international affairs 210 $aFrankfurt am Main, Germany $c[Centre for European Studies] 215 $a1 online resource 300 $aRefereed/Peer-reviewed 311 $a1865-6773 517 1 $aAvropa Mäsäläläri üzra qafqaz jurnal? 517 1 $aCJEA 517 1 $aCRIA 531 $aCAUCASIAN JOURNAL OF EUROPEAN AFFAIRS 531 1 $aCauc. rev. int. aff. 606 $aEconomic history$2fast$3(OCoLC)fst00901974 606 $aPolitics and government$2fast$3(OCoLC)fst01919741 606 $aSocial conditions$2fast$3(OCoLC)fst01919811 607 $aCaucasus$xPolitics and government$vPeriodicals 607 $aCaucasus$xSocial conditions$vPeriodicals 607 $aCaucasus$xEconomic conditions$vPeriodicals 607 $aCaucasus$2fast 608 $aPeriodicals.$2fast 610 $aRussia & Former Soviet Republics 615 7$aEconomic history. 615 7$aPolitics and government. 615 7$aSocial conditions. 712 02$aAvropa Aras?d?rmalar? Märkäzi. 906 $aJOURNAL 912 $a996217516103316 996 $aCaucasian review of international affairs$91887091 997 $aUNISA LEADER 04479oam 22011534 450 001 9910788338603321 005 20230721045615.0 010 $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