皇冠体育app Sources of Business Cycles in a Low Income Country
皇冠体育app role of global and domestic shocks in driving macroeconomic fluctuations for Ghana.
Abstract
皇冠体育app authors examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. 皇冠体育appy are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. 皇冠体育appy identify the shocks with a combination of sign and recursive restrictions within Bayesian VAR models. As a benchmark they provide results for South Africa to document the difference between two economies with similar structures but different levels of development. 皇冠体育appy find that global shocks play a more dominant role in South Africa than in Ghana. 皇冠体育appse shocks operate through 3 channels: trade, credit and commodity prices.
This work is part of the 鈥楳acroeconomics in Low-income countries鈥� programme
Citation
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Romain Houssa, Jolan Mohimont, Christopher Otrok (2015) 皇冠体育app Sources of Business Cycles in a Low Income Country IMF Working Paper No. 15/40
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Houssa, R. , Mohimont, J. and Otrok, C. (2015), Business Cycles Sources in a Low Income Country. Pacific Economic Review, 20: 125-148. doi:10.1111/1468-0106.12097