A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies

Autor/in	Duncan, Roberto
Titel	A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies
Quelle	In: Journal of Economic Education, 46 (2015) 4, S.394-402 (9 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2015.1071221
Schlagwörter	Macroeconomics; Models; Economics Education; Economic Climate; Free Enterprise System; Undergraduate Students + Suchen Sie Ihr Suchwort? Makroökonomie; Analogiemodell; Wirtschaftskunde; Wirtschaftslage; Freie Wirtschaft
Abstract	The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the undergraduate level. The simplified model is employed for qualitatively explaining facts such as the highly countercyclicality of the trade balance and the higher volatility of output and consumption compared with those observed in advanced countries. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01