Business cycles in small, open economies : evidence from panel data between 1900 and 2013 / by Wataru Miyamoto and Thuy Lan Nguyen.: FB3-5/2016-48E-PDF
"Using a novel data set for 17 countries dating from 1900 to 2013, we characterize business cycles in both small developed and developing countries in a model with financial frictions and a common shock structure. We estimate the model jointly for these 17 countries using Bayesian methods. We find that financial frictions are an importantfeature for not only developing countries but also small developed countries. Furthermore, business cycles in both groups of countries are marked with trendproductivity shocks. Common disturbances explain one-third of the fluctuations in small, open economies (both developed and developing), especially during important worldwide phenomena"--Abstract, p. ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.827044&sl=0
Department/Agency | Bank of Canada. |
---|---|
Title | Business cycles in small, open economies : evidence from panel data between 1900 and 2013 / by Wataru Miyamoto and Thuy Lan Nguyen. |
Series title | Staff Working Paper, 1701-9397 ; 2016-48 |
Publication type | Series - View Master Record |
Language | [English] |
Format | Electronic |
Electronic document | |
Note(s) | "November 2016." Includes bibliographical references (p. 30-32). Includes abstract in French. |
Publishing information | [Ottawa] : Bank of Canada, c2016. |
Author / Contributor | Miyamoto, Wataru. Nguyen, Thuy Lan. |
Description | ii, 56 p. |
Catalogue number |
|
Subject terms | International economics Modelling |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.- Date modified: