The Resource The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok
The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok
Resource Information
The item The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions within Bayesian VAR models. As a benchmark we provide results for South Africa to document the difference between two economies with similar structures but different levels of development. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three channels: trade, credit and commodity prices.--Abstract
- Language
- eng
- Extent
- 1 online resource (34 pages)
- Note
-
- "February 2015."
- "Research Department and Strategy, Policy, and Review Department."
- Contents
-
- Cover Page; Title Page; Copyright Page; Contents; List of figures; List of tables; 1. Introduction; 2. Background on Macroeconomic Conditions in Ghana; 1. Selected Macroeconomic indicators for Ghana (YoY percent); 2. Exchange Rates and International Reserves (YoY percent); 3. Methodology; 3.1 Bayesian Vector Auto-Regressive (BVAR) Model; 3.2 Credit and Productivity Shocks; 1. Data; 2. Identification Restrictions; 3.3 Commodity Price Shocks; 4. Empirical Results; 4.1 Global Shocks and Fluctuations in Ghana and South Africa; 3. G7 Credit Shocks; 4. G7 Productivity Shocks
- 4.2 Domestic Shocks and Fluctuations in Ghana and South Africa5. Domestic Credit Shocks; 6. Domestic Productivity Shocks; 4.3 Commodity Price Shocks; 7. Commodity Price Shocks; 4.4 Variance Decomposition Analysis; 3. Variance Decomposition for Credit and Productivity Shocks; 4. Variance Decomposition for Commodity Price Shocks; 5. Conclusions; 5. Data used in the Nowcasting; Footnotes
- Isbn
- 9781484388198
- Label
- The sources of business cycles in a low income country
- Title
- The sources of business cycles in a low income country
- Statement of responsibility
- Romain Houssa, Jolan Mohimont, and Christopher Otrok
- Subject
-
- Business cycles -- Ghana
- Business cycles -- South Africa
- Economic policy
- Economic stabilization
- Economic stabilization -- Ghana
- Economic stabilization -- South Africa
- Electronic books
- Externalities (Economics)
- Externalities (Economics)
- Financial crises
- Financial crises -- Ghana
- Financial crises -- South Africa
- Ghana
- Ghana -- Economic policy
- South Africa
- South Africa -- Economic policy
- Business cycles
- Language
- eng
- Summary
- We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions within Bayesian VAR models. As a benchmark we provide results for South Africa to document the difference between two economies with similar structures but different levels of development. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three channels: trade, credit and commodity prices.--Abstract
- Cataloging source
- DJB
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Houssa, Romain
- Government publication
- international or intergovernmental publication
- Illustrations
- illustrations
- Index
- no index present
- LC call number
- HG3881.5.I58
- LC item number
- W67 No. 15/40 ONLINE
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
-
- Mohimont, Jolan
- Otrok, Christopher
- International Monetary Fund
- International Monetary Fund
- Series statement
- IMF Working Paper,
- Series volume
- WP/15/40
- http://library.link/vocab/subjectName
-
- Business cycles
- Economic stabilization
- Economic stabilization
- Externalities (Economics)
- Business cycles
- Financial crises
- Financial crises
- Business cycles
- Economic policy
- Economic stabilization
- Externalities (Economics)
- Financial crises
- Ghana
- South Africa
- Ghana
- South Africa
- Label
- The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok
- Note
-
- "February 2015."
- "Research Department and Strategy, Policy, and Review Department."
- Bibliography note
- Includes bibliographical references (pages 14-16)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover Page; Title Page; Copyright Page; Contents; List of figures; List of tables; 1. Introduction; 2. Background on Macroeconomic Conditions in Ghana; 1. Selected Macroeconomic indicators for Ghana (YoY percent); 2. Exchange Rates and International Reserves (YoY percent); 3. Methodology; 3.1 Bayesian Vector Auto-Regressive (BVAR) Model; 3.2 Credit and Productivity Shocks; 1. Data; 2. Identification Restrictions; 3.3 Commodity Price Shocks; 4. Empirical Results; 4.1 Global Shocks and Fluctuations in Ghana and South Africa; 3. G7 Credit Shocks; 4. G7 Productivity Shocks
- 4.2 Domestic Shocks and Fluctuations in Ghana and South Africa5. Domestic Credit Shocks; 6. Domestic Productivity Shocks; 4.3 Commodity Price Shocks; 7. Commodity Price Shocks; 4.4 Variance Decomposition Analysis; 3. Variance Decomposition for Credit and Productivity Shocks; 4. Variance Decomposition for Commodity Price Shocks; 5. Conclusions; 5. Data used in the Nowcasting; Footnotes
- Control code
- 904052595
- Extent
- 1 online resource (34 pages)
- Form of item
- online
- Isbn
- 9781484388198
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781498310147.001
- Other physical details
- color illustrations
- Specific material designation
- remote
- System control number
-
- imfWPIEA2015040
- (IMF)WPIEA2015040
- (OCoLC)904052595
- Label
- The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok
- Note
-
- "February 2015."
- "Research Department and Strategy, Policy, and Review Department."
- Bibliography note
- Includes bibliographical references (pages 14-16)
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover Page; Title Page; Copyright Page; Contents; List of figures; List of tables; 1. Introduction; 2. Background on Macroeconomic Conditions in Ghana; 1. Selected Macroeconomic indicators for Ghana (YoY percent); 2. Exchange Rates and International Reserves (YoY percent); 3. Methodology; 3.1 Bayesian Vector Auto-Regressive (BVAR) Model; 3.2 Credit and Productivity Shocks; 1. Data; 2. Identification Restrictions; 3.3 Commodity Price Shocks; 4. Empirical Results; 4.1 Global Shocks and Fluctuations in Ghana and South Africa; 3. G7 Credit Shocks; 4. G7 Productivity Shocks
- 4.2 Domestic Shocks and Fluctuations in Ghana and South Africa5. Domestic Credit Shocks; 6. Domestic Productivity Shocks; 4.3 Commodity Price Shocks; 7. Commodity Price Shocks; 4.4 Variance Decomposition Analysis; 3. Variance Decomposition for Credit and Productivity Shocks; 4. Variance Decomposition for Commodity Price Shocks; 5. Conclusions; 5. Data used in the Nowcasting; Footnotes
- Control code
- 904052595
- Extent
- 1 online resource (34 pages)
- Form of item
- online
- Isbn
- 9781484388198
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781498310147.001
- Other physical details
- color illustrations
- Specific material designation
- remote
- System control number
-
- imfWPIEA2015040
- (IMF)WPIEA2015040
- (OCoLC)904052595
Subject
- Business cycles -- Ghana
- Business cycles -- South Africa
- Economic policy
- Economic stabilization
- Economic stabilization -- Ghana
- Economic stabilization -- South Africa
- Electronic books
- Externalities (Economics)
- Externalities (Economics)
- Financial crises
- Financial crises -- Ghana
- Financial crises -- South Africa
- Ghana
- Ghana -- Economic policy
- South Africa
- South Africa -- Economic policy
- Business cycles
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/The-sources-of-business-cycles-in-a-low-income/GkGJsI5MvQQ/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/The-sources-of-business-cycles-in-a-low-income/GkGJsI5MvQQ/">The sources of business cycles in a low income country, Romain Houssa, Jolan Mohimont, and Christopher Otrok</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
