Cointegrated TFP Processes and International Business Cycles /
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 co...
| मुख्य लेखक: | Tuesta, Vicente |
|---|---|
| अन्य लेखक: | Rabanal, Pau, Rubio-Ramirez, Juan |
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 2009/212 |
| ऑनलाइन पहुंच: | Full text available on IMF |
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