The Resource Cointegrated TFP processes and international business cycles, prepared by Pau Rabanal, Juan F. Rubio-Ramírez, and Vicente Tuesta, (electronic resource)

Cointegrated TFP processes and international business cycles, prepared by Pau Rabanal, Juan F. Rubio-Ramírez, and Vicente Tuesta, (electronic resource)

Label
Cointegrated TFP processes and international business cycles
Title
Cointegrated TFP processes and international business cycles
Statement of responsibility
prepared by Pau Rabanal, Juan F. Rubio-Ramírez, and Vicente Tuesta
Creator
Contributor
Subject
Language
eng
Summary
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 vector error correction (VECM) and that adding cointegrated technology shocks to the standard IRBC model helps explaining the observed high real exchange rate volatility. Also we show that the observed increase of the real exchange rate volatility with respect to output in the last 20 year can be explained by changes in the parameter of the VECM
Related
Member of
Action
digitized
Additional physical form
Online (ebrary)
Cataloging source
CaPaEBR
Characteristic
  • unknown
  • online system or service
Government publication
international or intergovernmental publication
LC call number
HG3881
LC item number
.R333 2009eb
Series statement
IMF working paper
Series volume
09/212
Label
Cointegrated TFP processes and international business cycles, prepared by Pau Rabanal, Juan F. Rubio-Ramírez, and Vicente Tuesta, (electronic resource)
Publication
Note
"September 2009."
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references (pages 46-50)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
000053012029
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451917819
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b37208548
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)649708896
  • imf1451917813
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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