Search Results

You are looking at 1 - 4 of 4 items :

  • Keyword: Financial shocks x
  • Keywords: Open Economy Macroeconomics x
Clear All Modify Search
The Drivers of Housing Cycles in Spain1

The Drivers of Housing Cycles in Spain1 »

Source: The Drivers of Housing Cycles in Spain

Volume/Issue: 2009/203

Series: IMF Working Papers

Author(s): Pau Rabanal , and Oriol Aspachs-Bracons

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873504

Keywords: inflation, monetary shocks, price level, monetary economics, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, Financial Constraints,

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a curre...

Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations

Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations »

Source: Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations

Volume/Issue: 2010/63

Series: IMF Working Papers

Author(s): Felipe Meza , and Carlos Urrutia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982077

Keywords: Real Exchange Rate, Appreciation, Financial Liberalization, Structural Change, tradable goods, relative price, terms of trade shocks, Open Economy Macroeconomics, Economic Growth and Aggregate Productivity: General,

We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) differential produ...

The Drivers of Housing Cycles in Spain

The Drivers of Housing Cycles in Spain »

Volume/Issue: 2009/203

Series: IMF Working Papers

Author(s): Pau Rabanal , and Oriol Aspachs-Bracons

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

DOI: http://dx.doi.org/10.5089/9781451873504.001

ISBN: 9781451873504

Keywords: inflation, monetary shocks, price level, monetary economics, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, Financial Constraints,

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a curre...

Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations

Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations »

Volume/Issue: 2010/63

Series: IMF Working Papers

Author(s): Felipe Meza , and Carlos Urrutia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982077.001

ISBN: 9781451982077

Keywords: Real Exchange Rate, Appreciation, Financial Liberalization, Structural Change, tradable goods, relative price, terms of trade shocks, Open Economy Macroeconomics, Economic Growth and Aggregate Productivity: General,

We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) differential produ...