Modeling sudden stops: The non-trivial role of preference specifications
Abstract
A puzzling ambiguity in current international economics literature is the link between sudden stops and output drops. While some studies predict the link, others find sudden stops lead to output increases. This paper theoretically shows that the ambiguity results from alternative preference specifications.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Economics Letters.
Volume (Year): 104 (2009)
Issue (Month): 1 (July)
Pages: 1-4
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Web page: http://www.elsevier.com/locate/ecolet
Related research
Keywords: Sudden stops General equilibrium Borrowing constraints Preference specifications Wealth effects;References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Levine's Bibliography
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Sosa-Padilla, Cesar, 2012.
"Sovereign Defaults and Banking Crises,"
MPRA Paper
41074, University Library of Munich, Germany.
- Cesar Sosa-Padilla, 2012. "Sovereign Defaults and Banking Crises," Department of Economics Working Papers 2012-09, McMaster University.
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