Business Cycle Accounting of the Bric Economies
نویسندگان
چکیده
منابع مشابه
Business Cycle Accounting
This paper proposes a simple method for guiding researchers in developing quantitative models of economic fluctuations. We show that a large class of models, including models with various frictions, are equivalent to a prototype growth model with time varying wedges that, at least on face value, look like time-varying productivity, labor taxes, and capital income taxes. We label the time varyin...
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At the outset, the choice for four seemingly unrelated nations into an economic category seems disingenuous. However, as we examine the historic economic data, a more detailed picture starts to emerge. For instance, in 2001 and 2002, the combined nominal GDP growth of emerging economies exceeded that of the G7 nations [1][2]. This is in line with a 2011 economic paper on GDP projections by the ...
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current policy issues involving interactions across national economies. Given that the global economy is in a synchronized slowdown in economic activity, the first two essays are devoted to an examination of the international business cycle linkages among the seven major advanced economies—hereafter called the Group of Seven (G-7) countries—and between the advanced and developing economies. The...
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The authors thank the National Science Foundation for support. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research. All rights reserved. Short sections of text, not to exceed ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2275650