A neoclassical analysis of the Asian crisis: business cycle accounting of a small open economy
This paper applies the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the recent crises in Hong Kong, Korea, Singapore and Thailand. The key common features of these crises are the sudden output collapses and c...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Tokyo
IMES
2007
|
| Schriftenreihe: | Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan
2007,16 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper applies the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the recent crises in Hong Kong, Korea, Singapore and Thailand. The key common features of these crises are the sudden output collapses and consumption drops as large as the output drops. Quantitative results show that the sudden drops in total factor productivity are important in explaining the output drops. Distortions in the foreign debt market are important in Korea and Thailand whereas distortions in the domestic capital market are important in Hong Kong and Singapore in explaining the large consumption drops.--Author's description. |
| Beschreibung: | 37 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV023107717 | ||
| 003 | DE-604 | ||
| 005 | 20080630 | ||
| 007 | t | ||
| 008 | 080131s2007 d||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)173223369 | ||
| 035 | |a (DE-599)BVBBV023107717 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-355 |a DE-188 | ||
| 050 | 0 | |a HB3821 | |
| 082 | 0 | |a 338.542 | |
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 100 | 1 | |a Otsu, Keisuke |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a A neoclassical analysis of the Asian crisis |b business cycle accounting of a small open economy |c Keisuke Otsu |
| 264 | 1 | |a Tokyo |b IMES |c 2007 | |
| 300 | |a 37 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan |v 2007,16 | |
| 520 | 3 | |a This paper applies the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the recent crises in Hong Kong, Korea, Singapore and Thailand. The key common features of these crises are the sudden output collapses and consumption drops as large as the output drops. Quantitative results show that the sudden drops in total factor productivity are important in explaining the output drops. Distortions in the foreign debt market are important in Korea and Thailand whereas distortions in the domestic capital market are important in Hong Kong and Singapore in explaining the large consumption drops.--Author's description. | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Business cycles |z China |z Hong Kong |x Econometric models | |
| 650 | 4 | |a Business cycles |z Korea (South) |x Econometric models | |
| 650 | 4 | |a Business cycles |z Singapore |x Econometric models | |
| 650 | 4 | |a Business cycles |z Thailand |x Econometric models | |
| 651 | 4 | |a Hong Kong (China) |x Economic conditions |x Econometric models | |
| 651 | 4 | |a Korea (South) |x Economic conditions |y 1960-1988 |x Econometric models | |
| 651 | 4 | |a Singapore |x Economic conditions |x Econometric models | |
| 651 | 4 | |a Thailand |x Economic conditions |y 1986- |x Econometric models | |
| 810 | 2 | |a Institute for Monetary and Economic Studies, Bank of Japan |t Discussion paper series |v 2007,16 |w (DE-604)BV010647223 |9 2007,16 | |
| 856 | 4 | 1 | |u http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-16.pdf |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ebook | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016310368 | ||
Datensatz im Suchindex
| _version_ | 1804137369012535296 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Otsu, Keisuke |
| author_facet | Otsu, Keisuke |
| author_role | aut |
| author_sort | Otsu, Keisuke |
| author_variant | k o ko |
| building | Verbundindex |
| bvnumber | BV023107717 |
| callnumber-first | H - Social Science |
| callnumber-label | HB3821 |
| callnumber-raw | HB3821 |
| callnumber-search | HB3821 |
| callnumber-sort | HB 43821 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QB 910 |
| collection | ebook |
| ctrlnum | (OCoLC)173223369 (DE-599)BVBBV023107717 |
| dewey-full | 338.542 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.542 |
| dewey-search | 338.542 |
| dewey-sort | 3338.542 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02535nam a2200457 cb4500</leader><controlfield tag="001">BV023107717</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20080630 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">080131s2007 d||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)173223369</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV023107717</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-355</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB3821</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">338.542</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Otsu, Keisuke</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">A neoclassical analysis of the Asian crisis</subfield><subfield code="b">business cycle accounting of a small open economy</subfield><subfield code="c">Keisuke Otsu</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Tokyo</subfield><subfield code="b">IMES</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">37 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan</subfield><subfield code="v">2007,16</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper applies the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the recent crises in Hong Kong, Korea, Singapore and Thailand. The key common features of these crises are the sudden output collapses and consumption drops as large as the output drops. Quantitative results show that the sudden drops in total factor productivity are important in explaining the output drops. Distortions in the foreign debt market are important in Korea and Thailand whereas distortions in the domestic capital market are important in Hong Kong and Singapore in explaining the large consumption drops.--Author's description.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles</subfield><subfield code="z">China</subfield><subfield code="z">Hong Kong</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles</subfield><subfield code="z">Korea (South)</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles</subfield><subfield code="z">Singapore</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles</subfield><subfield code="z">Thailand</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Hong Kong (China)</subfield><subfield code="x">Economic conditions</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Korea (South)</subfield><subfield code="x">Economic conditions</subfield><subfield code="y">1960-1988</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Singapore</subfield><subfield code="x">Economic conditions</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Thailand</subfield><subfield code="x">Economic conditions</subfield><subfield code="y">1986-</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">Institute for Monetary and Economic Studies, Bank of Japan</subfield><subfield code="t">Discussion paper series</subfield><subfield code="v">2007,16</subfield><subfield code="w">(DE-604)BV010647223</subfield><subfield code="9">2007,16</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-16.pdf</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ebook</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016310368</subfield></datafield></record></collection> |
| geographic | Hong Kong (China) Economic conditions Econometric models Korea (South) Economic conditions 1960-1988 Econometric models Singapore Economic conditions Econometric models Thailand Economic conditions 1986- Econometric models |
| geographic_facet | Hong Kong (China) Economic conditions Econometric models Korea (South) Economic conditions 1960-1988 Econometric models Singapore Economic conditions Econometric models Thailand Economic conditions 1986- Econometric models |
| id | DE-604.BV023107717 |
| illustrated | Illustrated |
| index_date | 2024-07-02T19:47:11Z |
| indexdate | 2024-07-09T21:11:12Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016310368 |
| oclc_num | 173223369 |
| open_access_boolean | 1 |
| owner | DE-355 DE-BY-UBR DE-188 |
| owner_facet | DE-355 DE-BY-UBR DE-188 |
| physical | 37 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | IMES |
| record_format | marc |
| series2 | Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan |
| spelling | Otsu, Keisuke Verfasser aut A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy Keisuke Otsu Tokyo IMES 2007 37 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan 2007,16 This paper applies the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) to a standard neoclassical small open economy model and assesses the recent crises in Hong Kong, Korea, Singapore and Thailand. The key common features of these crises are the sudden output collapses and consumption drops as large as the output drops. Quantitative results show that the sudden drops in total factor productivity are important in explaining the output drops. Distortions in the foreign debt market are important in Korea and Thailand whereas distortions in the domestic capital market are important in Hong Kong and Singapore in explaining the large consumption drops.--Author's description. Wirtschaft Ökonometrisches Modell Business cycles China Hong Kong Econometric models Business cycles Korea (South) Econometric models Business cycles Singapore Econometric models Business cycles Thailand Econometric models Hong Kong (China) Economic conditions Econometric models Korea (South) Economic conditions 1960-1988 Econometric models Singapore Economic conditions Econometric models Thailand Economic conditions 1986- Econometric models Institute for Monetary and Economic Studies, Bank of Japan Discussion paper series 2007,16 (DE-604)BV010647223 2007,16 http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-16.pdf Verlag kostenfrei Volltext |
| spellingShingle | Otsu, Keisuke A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy Wirtschaft Ökonometrisches Modell Business cycles China Hong Kong Econometric models Business cycles Korea (South) Econometric models Business cycles Singapore Econometric models Business cycles Thailand Econometric models |
| title | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy |
| title_auth | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy |
| title_exact_search | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy |
| title_exact_search_txtP | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy |
| title_full | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy Keisuke Otsu |
| title_fullStr | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy Keisuke Otsu |
| title_full_unstemmed | A neoclassical analysis of the Asian crisis business cycle accounting of a small open economy Keisuke Otsu |
| title_short | A neoclassical analysis of the Asian crisis |
| title_sort | a neoclassical analysis of the asian crisis business cycle accounting of a small open economy |
| title_sub | business cycle accounting of a small open economy |
| topic | Wirtschaft Ökonometrisches Modell Business cycles China Hong Kong Econometric models Business cycles Korea (South) Econometric models Business cycles Singapore Econometric models Business cycles Thailand Econometric models |
| topic_facet | Wirtschaft Ökonometrisches Modell Business cycles China Hong Kong Econometric models Business cycles Korea (South) Econometric models Business cycles Singapore Econometric models Business cycles Thailand Econometric models Hong Kong (China) Economic conditions Econometric models Korea (South) Economic conditions 1960-1988 Econometric models Singapore Economic conditions Econometric models Thailand Economic conditions 1986- Econometric models |
| url | http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-16.pdf |
| volume_link | (DE-604)BV010647223 |
| work_keys_str_mv | AT otsukeisuke aneoclassicalanalysisoftheasiancrisisbusinesscycleaccountingofasmallopeneconomy |