A neoclassical analysis of the asian crisis: Business cycle accounting for a small open economy

研究成果: Article査読

15 被引用数 (Scopus)

抄録

This paper applies the business cycle accounting method la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the economic crises in Hong Kong, Korea and Thailand. Quantitative results show that distortions in production efficiency are important in all countries in accounting for the sudden output collapses while distortions in the investment and international financial markets are not. If domestic or international financial frictions are the main source of the Asian crisis, they must have operated through total factor productivity (TFP).

本文言語English
論文番号17
ジャーナルB.E. Journal of Macroeconomics
10
1
DOI
出版ステータスPublished - 2010
外部発表はい

ASJC Scopus subject areas

  • Economics and Econometrics

フィンガープリント 「A neoclassical analysis of the asian crisis: Business cycle accounting for a small open economy」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル