01783cas a2200265 a 4500 AALejournalIMF015047 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498310147 1018-5941 BD-DhAAL BD-DhAAL Houssa, Romain. The Sources of Business Cycles in a Low Income Country / Romain Houssa, Jolan Mohimont, Christopher Otrok. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions within Bayesian VAR models. As a benchmark we provide results for South Africa to document the difference between two economies with similar structures but different levels of development. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three channels: trade, credit and commodity prices. Mode of access: Internet Mohimont, Jolan. Otrok, Christopher. IMF Working Papers; Working Paper ; No. 2015/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/040/001.2015.issue-040-en.xml IMF e-Library