Cointegrated TFP Processes and International Business Cycles.

A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the ""rest of the world, "" is characterized by a ve...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Tuesta, Vicente
Otros Autores: Rubio-Ramirez, Juan F., Rabanal, Pau
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Business cycles > Econometric models.
Foreign exchange rates > Econometric models.
Cycles économiques > Modèles économétriques.
Taux de change > Modèles économétriques.
Business cycles > Econometric models
Foreign exchange rates > Econometric models
Acceso en línea:Texto completo

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