Now showing items 1-7 of 7

    • Business cycles in emerging economies : the role of interest rates 

      Neumeyer, Pablo Andrés
      2001-10-25
      This paper documents the empirical relation between the interest rates that emerging economies face in international capital markets and their business cycles. It shows that the patterns observed in the data can be interpreted ...
    • Crédito endogeno e politica monetaria na Argentina e no Chile 

      Andrade, Joaquim Pinto de
      1997-05-22
      In a general equilibrium Ramsey type model with heterogeneous agents we study the conditions for which a credit restriction can be a source of endogenous cycle to credit and capital.
    • Endogenous cycles in a Stiglitz-Weiss economy 

      Sussman, Oren
      1996-10-02
      The literature on financiaI imperfections and business cycles has focused on propagation mechanisms. In this pape r we model apure reversion mechanism, such that the economy may converge to a two period equilibrium cycle. ...
    • Job destruction and propagation of shocks 

      Den Haan, Wouter J.
      1997-09-11
      We develop and quantitatively implement a dynamic general equilibrium model with labor market matching and endogenous deterllÚnation of the job destruction rate. The mo deI produces a elose match with data on job creation ...
    • Signaling in political budget cycles: How far are you willing to go? 

      Streb, Jorge Miguel
      2002-02-07
      This paper analyzes how heterogeneity in two dimensions, competency and character, a¤ects political budget cycles. Competency is the e¢ciency in running the government. Character is the degree of opportunism. In this ...
    • Unit roots and the welfare gains of cycle smoothing 

      Issler, João Victor; Franco Neto, Afonso Arinos de Mello
      1996-05-30
      li consumption is log-Normal and is decomposed into a linear deterministic trend and a stationary cycle, a surprising result in business-cycle research is that the welfare gains of eliminating uncertainty are relatively ...