Accounting for Output Drops in Latin America / / Ruy Lama
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| Autore: |
Lama Ruy
|
| Titolo: |
Accounting for Output Drops in Latin America / / Ruy Lama
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica: | 49 p. : ill |
| Soggetto topico: | Business cycles - Latin America |
| Business forecasting - Latin America | |
| Investments: Bonds | |
| Macroeconomics | |
| Economic Theory | |
| Production and Operations Management | |
| Labor Economics: General | |
| Production | |
| Cost | |
| Capital and Total Factor Productivity | |
| Capacity | |
| Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) | |
| General Financial Markets: General (includes Measurement and Data) | |
| Financial Economics | |
| Labour | |
| income economics | |
| Economic growth | |
| Investment & securities | |
| Economic theory & philosophy | |
| Labor | |
| Total factor productivity | |
| Business cycles | |
| Bonds | |
| Financial frictions | |
| Labor economics | |
| Industrial productivity | |
| Economic forecasting | |
| Soggetto geografico: | Argentina |
| Note generali: | Bibliographic Level Mode of Issuance: Monograph |
| Nota di bibliografia: | Includes bibliographical references. |
| Sommario/riassunto: | This 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. |
| Titolo autorizzato: | Accounting for Output Drops in Latin America |
| ISBN: | 1-4623-3055-X |
| 1-4518-7214-3 | |
| 9786612842887 | |
| 1-4519-9130-4 | |
| 1-282-84288-9 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788338603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/067