The sources of business cycles in a low income country /:
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 withi...
Gespeichert in:
| 1. Verfasser: | |
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| Körperschaften: | , |
| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
|
| Schriftenreihe: | IMF working paper ;
WP/15/40. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | "February 2015." "Research Department and Strategy, Policy, and Review Department." |
| Beschreibung: | 1 online resource (34 pages) : color illustrations |
| Bibliographie: | Includes bibliographical references (pages 14-16). |
| ISBN: | 9781484388198 1484388194 1498310141 9781498310147 9781498346924 1498346928 |
| ISSN: | 1018-5941 ; |
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| 100 | 1 | |a Houssa, Romain. |0 http://id.loc.gov/authorities/names/no2015026772 | |
| 245 | 1 | 4 | |a The sources of business cycles in a low income country / |c Romain Houssa, Jolan Mohimont, and Christopher Otrok. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2015. | ||
| 300 | |a 1 online resource (34 pages) : |b color illustrations | ||
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| 500 | |a "February 2015." | ||
| 500 | |a "Research Department and Strategy, Policy, and Review Department." | ||
| 504 | |a Includes bibliographical references (pages 14-16). | ||
| 520 | |a 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. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed February 26, 2015). | |
| 505 | 0 | |a 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. | |
| 505 | 8 | |a 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. | |
| 650 | 0 | |a Externalities (Economics) |0 http://id.loc.gov/authorities/subjects/sh85046563 | |
| 650 | 0 | |a Financial crises |z Ghana. | |
| 650 | 0 | |a Business cycles |z Ghana. | |
| 650 | 0 | |a Economic stabilization |z Ghana. | |
| 651 | 0 | |a Ghana |x Economic policy. | |
| 650 | 0 | |a Financial crises |z South Africa. | |
| 650 | 0 | |a Business cycles |z South Africa. | |
| 650 | 0 | |a Economic stabilization |z South Africa. | |
| 651 | 0 | |a South Africa |x Economic policy. | |
| 650 | 6 | |a Économies externes. | |
| 650 | 6 | |a Cycles économiques |z Ghāna. | |
| 650 | 6 | |a Stabilisation économique |z Ghāna. | |
| 650 | 6 | |a Cycles économiques |z Afrique du Sud. | |
| 650 | 6 | |a Stabilisation économique |z Afrique du Sud. | |
| 650 | 7 | |a Business cycles |2 fast | |
| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Economic stabilization |2 fast | |
| 650 | 7 | |a Externalities (Economics) |2 fast | |
| 650 | 7 | |a Financial crises |2 fast | |
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| 651 | 7 | |a South Africa |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJcWtkkqd3cMmFw9GBdYT3 | |
| 700 | 1 | |a Mohimont, Jolan. |0 http://id.loc.gov/authorities/names/no2015026647 | |
| 700 | 1 | |a Otrok, Christopher. |0 http://id.loc.gov/authorities/names/no2006002667 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 710 | 2 | |a International Monetary Fund. |b Strategy, Policy, and Review Department. |0 http://id.loc.gov/authorities/names/no2009043117 | |
| 758 | |i has work: |a The sources of business cycles in a low income country (Text) |1 https://id.oclc.org/worldcat/entity/E39PCG7XTXBMrW4HRF8Ggg84D3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Houssa, Romain. |t Sources of Business Cycles in a Low Income Country. |d Washington : International Monetary Fund, ©2015 |
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| author | Houssa, Romain |
| author2 | Mohimont, Jolan Otrok, Christopher |
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| author_GND | http://id.loc.gov/authorities/names/no2015026772 http://id.loc.gov/authorities/names/no2015026647 http://id.loc.gov/authorities/names/no2006002667 |
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| 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. |
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| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n77001219 http://id.loc.gov/authorities/names/no2009043117 |
| isbn | 9781484388198 1484388194 1498310141 9781498310147 9781498346924 1498346928 |
| issn | 1018-5941 ; |
| language | English |
| oclc_num | 904052595 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (34 pages) : color illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper, |
| spelling | Houssa, Romain. http://id.loc.gov/authorities/names/no2015026772 The sources of business cycles in a low income country / Romain Houssa, Jolan Mohimont, and Christopher Otrok. [Washington, D.C.] : International Monetary Fund, ©2015. 1 online resource (34 pages) : color illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper, 1018-5941 ; WP/15/40 "February 2015." "Research Department and Strategy, Policy, and Review Department." Includes bibliographical references (pages 14-16). 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. Online resource; title from pdf title page (IMF.org Web site, viewed February 26, 2015). 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. Externalities (Economics) http://id.loc.gov/authorities/subjects/sh85046563 Financial crises Ghana. Business cycles Ghana. Economic stabilization Ghana. Ghana Economic policy. Financial crises South Africa. Business cycles South Africa. Economic stabilization South Africa. South Africa Economic policy. Économies externes. Cycles économiques Ghāna. Stabilisation économique Ghāna. Cycles économiques Afrique du Sud. Stabilisation économique Afrique du Sud. Business cycles fast Economic policy fast Economic stabilization fast Externalities (Economics) fast Financial crises fast Ghana fast https://id.oclc.org/worldcat/entity/E39PBJrwWdFrtwYQThrFvRGJXd South Africa fast https://id.oclc.org/worldcat/entity/E39PBJcWtkkqd3cMmFw9GBdYT3 Mohimont, Jolan. http://id.loc.gov/authorities/names/no2015026647 Otrok, Christopher. http://id.loc.gov/authorities/names/no2006002667 International Monetary Fund. Research Department. http://id.loc.gov/authorities/names/n77001219 International Monetary Fund. Strategy, Policy, and Review Department. http://id.loc.gov/authorities/names/no2009043117 has work: The sources of business cycles in a low income country (Text) https://id.oclc.org/worldcat/entity/E39PCG7XTXBMrW4HRF8Ggg84D3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Houssa, Romain. Sources of Business Cycles in a Low Income Country. Washington : International Monetary Fund, ©2015 IMF working paper ; WP/15/40. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254426 Volltext |
| spellingShingle | Houssa, Romain The sources of business cycles in a low income country / IMF working paper ; 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. Externalities (Economics) http://id.loc.gov/authorities/subjects/sh85046563 Financial crises Ghana. Business cycles Ghana. Economic stabilization Ghana. Financial crises South Africa. Business cycles South Africa. Economic stabilization South Africa. Économies externes. Cycles économiques Ghāna. Stabilisation économique Ghāna. Cycles économiques Afrique du Sud. Stabilisation économique Afrique du Sud. Business cycles fast Economic policy fast Economic stabilization fast Externalities (Economics) fast Financial crises fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85046563 |
| title | The sources of business cycles in a low income country / |
| title_auth | The sources of business cycles in a low income country / |
| title_exact_search | The sources of business cycles in a low income country / |
| title_full | The sources of business cycles in a low income country / Romain Houssa, Jolan Mohimont, and Christopher Otrok. |
| title_fullStr | The sources of business cycles in a low income country / Romain Houssa, Jolan Mohimont, and Christopher Otrok. |
| title_full_unstemmed | The sources of business cycles in a low income country / Romain Houssa, Jolan Mohimont, and Christopher Otrok. |
| title_short | The sources of business cycles in a low income country / |
| title_sort | sources of business cycles in a low income country |
| topic | Externalities (Economics) http://id.loc.gov/authorities/subjects/sh85046563 Financial crises Ghana. Business cycles Ghana. Economic stabilization Ghana. Financial crises South Africa. Business cycles South Africa. Economic stabilization South Africa. Économies externes. Cycles économiques Ghāna. Stabilisation économique Ghāna. Cycles économiques Afrique du Sud. Stabilisation économique Afrique du Sud. Business cycles fast Economic policy fast Economic stabilization fast Externalities (Economics) fast Financial crises fast |
| topic_facet | Externalities (Economics) Financial crises Ghana. Business cycles Ghana. Economic stabilization Ghana. Ghana Economic policy. Financial crises South Africa. Business cycles South Africa. Economic stabilization South Africa. South Africa Economic policy. Économies externes. Cycles économiques Ghāna. Stabilisation économique Ghāna. Cycles économiques Afrique du Sud. Stabilisation économique Afrique du Sud. Business cycles Economic policy Economic stabilization Financial crises Ghana South Africa |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1254426 |
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