Academic Journal
Risk Matters: The Real E¤ects of Volatility Shocks,American Economic Review
| العنوان: | Risk Matters: The Real E¤ects of Volatility Shocks,American Economic Review |
|---|---|
| المؤلفون: | Jesús Fernández-villaverde, Pablo Guerrón-quintana, Juan F. Rubio-ramírez, Martín Uribe, Ro Justiniano, Jim Hamilton, Kolver Hern, Ralph Koijen, Diego Vilan |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://www.econ.upf.edu/docs/seminars/villaverde.pdf. |
| سنة النشر: | 2011 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | Small Open Economy, DSGE Models, Stochastic Volatility. JEL classi cation numbers, C32, C63, F32, F41. 2 |
| الوصف: | seminars and conferences for useful comments. Beyond the usual disclaimer, we must note that any views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Finally, we also thank the NSF for nancial support. 1 This paper shows how changes in the volatility of the real interest rate at which small open emerging economies borrow have a quantitatively important e¤ect on real variables like output, consumption, investment, and hours worked. To motivate our investigation, we document the strong evidence of time-varying volatility in the real interest rates faced by a sample of four emerging small open |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.529.6744; http://www.econ.upf.edu/docs/seminars/villaverde.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.529.6744 http://www.econ.upf.edu/docs/seminars/villaverde.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.1411EE27 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |