Business cycles in a small open Brazilian economy
Autor(a) principal: | |
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Data de Publicação: | 2001 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Economia Aplicada |
Texto Completo: | https://www.revistas.usp.br/ecoa/article/view/219765 |
Resumo: | We develop a dynamic general equilibrium model for a small open economy to investigatewhich combinations of preferences and distortions better replicate the Brazilian business cycles. We find that the preferences proposed by Greenwood, Hercowitz and Huffman (1988) in association with capital adjustment costs generate simulated data consistent with the cyclical volatilities of the national income accounts identity as well as with the countercyclical nature ofthe trade balance. The standard (Hansen, 1985) preferences and foreign capital markets transaction costs are, in contrast, largely inconsistent with many data properties. |
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Economia Aplicada |
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Business cycles in a small open Brazilian economytransaction costs in foreign capital marketscapital adjustment costsWe develop a dynamic general equilibrium model for a small open economy to investigatewhich combinations of preferences and distortions better replicate the Brazilian business cycles. We find that the preferences proposed by Greenwood, Hercowitz and Huffman (1988) in association with capital adjustment costs generate simulated data consistent with the cyclical volatilities of the national income accounts identity as well as with the countercyclical nature ofthe trade balance. The standard (Hansen, 1985) preferences and foreign capital markets transaction costs are, in contrast, largely inconsistent with many data properties.Universidade de São Paulo, FEA-RP/USP2001-06-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/21976510.11606/1413-8050/ea219765Economia Aplicada; Vol. 5 Núm. 3 (2001); 455-470Economia Aplicada; Vol. 5 No. 3 (2001); 455-470Economia Aplicada; v. 5 n. 3 (2001); 455-4701980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ecoa/article/view/219765/200637Copyright (c) 2001 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessKanczuk, Fabio 2023-12-06T14:22:33Zoai:revistas.usp.br:article/219765Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-12-06T14:22:33Economia Aplicada - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Business cycles in a small open Brazilian economy |
title |
Business cycles in a small open Brazilian economy |
spellingShingle |
Business cycles in a small open Brazilian economy Kanczuk, Fabio transaction costs in foreign capital markets capital adjustment costs |
title_short |
Business cycles in a small open Brazilian economy |
title_full |
Business cycles in a small open Brazilian economy |
title_fullStr |
Business cycles in a small open Brazilian economy |
title_full_unstemmed |
Business cycles in a small open Brazilian economy |
title_sort |
Business cycles in a small open Brazilian economy |
author |
Kanczuk, Fabio |
author_facet |
Kanczuk, Fabio |
author_role |
author |
dc.contributor.author.fl_str_mv |
Kanczuk, Fabio |
dc.subject.por.fl_str_mv |
transaction costs in foreign capital markets capital adjustment costs |
topic |
transaction costs in foreign capital markets capital adjustment costs |
description |
We develop a dynamic general equilibrium model for a small open economy to investigatewhich combinations of preferences and distortions better replicate the Brazilian business cycles. We find that the preferences proposed by Greenwood, Hercowitz and Huffman (1988) in association with capital adjustment costs generate simulated data consistent with the cyclical volatilities of the national income accounts identity as well as with the countercyclical nature ofthe trade balance. The standard (Hansen, 1985) preferences and foreign capital markets transaction costs are, in contrast, largely inconsistent with many data properties. |
publishDate |
2001 |
dc.date.none.fl_str_mv |
2001-06-20 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/219765 10.11606/1413-8050/ea219765 |
url |
https://www.revistas.usp.br/ecoa/article/view/219765 |
identifier_str_mv |
10.11606/1413-8050/ea219765 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/219765/200637 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2001 Economia Aplicada http://creativecommons.org/licenses/by-nc/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2001 Economia Aplicada http://creativecommons.org/licenses/by-nc/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
dc.source.none.fl_str_mv |
Economia Aplicada; Vol. 5 Núm. 3 (2001); 455-470 Economia Aplicada; Vol. 5 No. 3 (2001); 455-470 Economia Aplicada; v. 5 n. 3 (2001); 455-470 1980-5330 1413-8050 reponame:Economia Aplicada instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Economia Aplicada |
collection |
Economia Aplicada |
repository.name.fl_str_mv |
Economia Aplicada - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
||revecap@usp.br |
_version_ |
1800221693532176385 |