000 01862nam  2200313za 4500
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008161107s2016    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-5/2016-48E-PDF
1001 |aMiyamoto, Wataru.
24510|aBusiness cycles in small, open economies |h[electronic resource] : |bevidence from panel data between 1900 and 2013 / |cby Wataru Miyamoto and Thuy Lan Nguyen.
260 |a[Ottawa] : |bBank of Canada, |cc2016.
300 |aii, 56 p.
4901 |aStaff Working Paper, |x1701-9397 ; |v2016-48
500 |a"November 2016."
504 |aIncludes bibliographical references (p. 30-32).
5203 |a"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.
546 |aIncludes abstract in French.
69207|2gccst|aInternational economics
69207|2gccst|aModelling
7001 |aNguyen, Thuy Lan.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2016-48|w(CaOODSP)9.806221
85640|qPDF|s910 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-5-2016-48-eng.pdf