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dc.contributor.authorBoz, Emineen_US
dc.contributor.authorDaude, Christianen_US
dc.contributor.authorDurdu, C. Boraen_US
dc.date.accessioned2011-04-29en_US
dc.date.accessioned2011-05-09T09:34:08Z-
dc.date.available2011-05-09T09:34:08Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/45402-
dc.description.abstractWe build an equilibrium business cycle model in which agents cannot perfectly distinguish between the permanent and transitory components of TFP shocks and learn about those components using the Kalman filter. Calibrated to Mexico, the model predicts a higher variability of consumption relative to output and a strongly negative correlation between the trade balance and output for a wide range of variability and persistence of permanent shocks vis-a-vis the transitory shocks. Moreover, our estimation for Mexico and Canada suggests more severe informational frictions in emerging markets than in developed economies.en_US
dc.language.isoengen_US
dc.publisherTÜSİAD-Koç University Economic Research Forum Istanbulen_US
dc.relation.ispartofseriesTÜSİAD-Koç University Economic Research Forum working paper series 1110en_US
dc.subject.jelF41en_US
dc.subject.jelE44en_US
dc.subject.jelD82en_US
dc.subject.ddc330en_US
dc.subject.keywordemerging marketsen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordlearningen_US
dc.subject.keywordKalman filteren_US
dc.subject.stwKonjunkturen_US
dc.subject.stwSchwellenländeren_US
dc.subject.stwProduktivitäten_US
dc.subject.stwZustandsraummodellen_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwMexikoen_US
dc.subject.stwKanadaen_US
dc.titleEmerging market business cycles revisited: learning about the trenden_US
dc.typeWorking Paperen_US
dc.identifier.ppn656972599en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ERF Working Paper Series, TÜSİAD-Koç University Economic Research Forum (ERF)

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