logo

EbookBell.com

Most ebook files are in PDF format, so you can easily read them using various software such as Foxit Reader or directly on the Google Chrome browser.
Some ebook files are released by publishers in other formats such as .awz, .mobi, .epub, .fb2, etc. You may need to install specific software to read these formats on mobile/PC, such as Calibre.

Please read the tutorial at this link:  https://ebookbell.com/faq 


We offer FREE conversion to the popular formats you request; however, this may take some time. Therefore, right after payment, please email us, and we will try to provide the service as quickly as possible.


For some exceptional file formats or broken links (if any), please refrain from opening any disputes. Instead, email us first, and we will try to assist within a maximum of 6 hours.

EbookBell Team

Cointegrated Tfp Processes And International Business Cycles 1st Edition Vicente Tuesta Juan F Rubioramirez Pau Rabanal

  • SKU: BELL-51286590
Cointegrated Tfp Processes And International Business Cycles 1st Edition Vicente Tuesta Juan F Rubioramirez Pau Rabanal
$ 31.00 $ 45.00 (-31%)

4.4

102 reviews

Cointegrated Tfp Processes And International Business Cycles 1st Edition Vicente Tuesta Juan F Rubioramirez Pau Rabanal instant download after payment.

Publisher: International Monetary Fund
File Extension: EPUB
File size: 1.85 MB
Pages: 66
Author: Vicente Tuesta; Juan F. Rubio-Ramirez; Pau Rabanal
ISBN: 9781452755106, 1452755108
Language: English
Year: 2009
Edition: 1

Product desciption

Cointegrated Tfp Processes And International Business Cycles 1st Edition Vicente Tuesta Juan F Rubioramirez Pau Rabanal by Vicente Tuesta; Juan F. Rubio-ramirez; Pau Rabanal 9781452755106, 1452755108 instant download after payment.

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 Products