Series: IMF Working Papers
Author(s): Ruy Lama
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: Business cycle accounting, DSGE models, small open economy, tfp, bond, business cycle, total factor productivity,
This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. I develop an open economy version of the business cycle accounting methodology (Chari, Kehoe, and McGra...