Check nearby libraries
Buy this book
We build a two country asymmetric DSGE model with two features: (i) endogenous and slow diffusion of technologies from the developed to the developing country, and (ii) adjustment costs to investment flows. We calibrate the model to match the Mexico-U.S. trade and FDI flows. The model is able to explain the following stylized facts: (i) U.S. and Mexican output co-move more than consumption; (ii) U.S. shocks have a larger effect on Mexico than in the U.S.; (iii) U.S. business cycles lead over medium term fluctuations in Mexico; (iv) Mexican consumption is more volatile than output.
Check nearby libraries
Buy this book
Showing 2 featured editions. View all 2 editions?
Edition | Availability |
---|---|
1 |
aaaa
Libraries near you:
WorldCat
|
2 |
zzzz
Libraries near you:
WorldCat
|
Book Details
Edition Notes
"October 2009, September 2010"--Publisher's website.
Includes bibliographical references.
The Physical Object
ID Numbers
Work Description
We build a two country asymmetric DSGE model with two features: (i) a product cycle structure determines the range of intermediate goods used to produce new capital in each country and (ii) there are investment flow adjustment costs in the developing economy. We calibrate the model to match the Mexico-US trade and FDI flows. The model is able to explain (i) why US shocks have a larger effect on Mexico than in the US and hence why the Mexican economy is more volatile than the US; (ii) why US business cycles lead over medium term fluctuations in Mexico and (iii) why Mexican consumption is not less volatile than output.
Community Reviews (0)
Feedback?History
- Created January 3, 2023
- 1 revision
Wikipedia citation
×CloseCopy and paste this code into your Wikipedia page. Need help?
January 3, 2023 | Created by MARC Bot | Imported from harvard_bibliographic_metadata record |