The Sources of Macroeconomic Fluctuations in Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Sources of Macroeconomic Fluctuations in Developing Countries write by Mr.Alexander W. Hoffmaister. This book was released on 1996-02-01. The Sources of Macroeconomic Fluctuations in Developing Countries available in PDF, EPUB and Kindle. This paper studies the sources of macroeconomic fluctuations in developing countries using a structural VAR approach. Identification of the sources is achieved using long-run restrictions derived from a theoretical model of a small open economy encompassing a large number of macroeconomic paradigms; the short-run dynamics are unrestricted. This framework is applied to Brazil and Korea. The results confirm that supply shocks are the main source of GDP fluctuations, even in the short run. Aggregate demand shocks are shown to be important in the short run in Brazil, but not in Korea. External shocks explain a small fraction of the variance of output, whereas the real exchange rate is driven mainly by fiscal shocks. Nominal shocks appear to have little impact on output and the real exchange rate.
The Sources of Macroeconomic Fluctuations in Developing Countries
The Sources of Macroeconomic Fluctuations in Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Sources of Macroeconomic Fluctuations in Developing Countries write by Alexander W. Hoffmaister. This book was released on 2015. The Sources of Macroeconomic Fluctuations in Developing Countries available in PDF, EPUB and Kindle. This paper studies the sources of macroeconomic fluctuations in developing countries using a structural VAR approach. Identification of the sources is achieved using long-run restrictions derived from a theoretical model of a small open economy encompassing a large number of macroeconomic paradigms; the short-run dynamics are unrestricted. This framework is applied to Brazil and Korea. The results confirm that supply shocks are the main source of GDP fluctuations, even in the short run. Aggregate demand shocks are shown to be important in the short run in Brazil, but not in Korea. External shocks explain a small fraction of the variance of output, whereas the real exchange rate is driven mainly by fiscal shocks. Nominal shocks appear to have little impact on output and the real exchange rate.
Macroeconomic Fluctuations in Sub-Saharan Africa
Macroeconomic Fluctuations in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroeconomic Fluctuations in Sub-Saharan Africa write by Mr.Alexander W. Hoffmaister. This book was released on 1997-07-01. Macroeconomic Fluctuations in Sub-Saharan Africa available in PDF, EPUB and Kindle. The sources of macroeconomic fluctuations in sub–Saharan African are examined by comparing the CFA franc countries with the non–CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc countries. This result does not appear to be associated with differences in the economic structure but may reflect the fixed exchange rate regime, which does not (partially) buffer these countries from external shocks. Macroeconomic fluctuations in non–CFA franc countries are similar to those in other developing countries, particularly in Latin America.
The Sources of Business Cycles in a Low Income Country
The Sources of Business Cycles in a Low Income Country - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Sources of Business Cycles in a Low Income Country write by Romain Houssa. This book was released on 2015-02-25. The Sources of Business Cycles in a Low Income Country available in PDF, EPUB and Kindle. We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions within Bayesian VAR models. As a benchmark we provide results for South Africa to document the difference between two economies with similar structures but different levels of development. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three channels: trade, credit and commodity prices.
Explaining Macroeconomic Fluctuations in a Developing Country
Explaining Macroeconomic Fluctuations in a Developing Country - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Explaining Macroeconomic Fluctuations in a Developing Country write by Ahmed R. El-Safty. This book was released on 2001. Explaining Macroeconomic Fluctuations in a Developing Country available in PDF, EPUB and Kindle.
