Business Cycles in Glocal Economy

The Effect of Monetary Policy on Business Cycles in Iran Economy

Nowadays one of the most important issues in our economy, both from economic and political view is the link between monetary policy and business cycle fluctuations. Amongst the shocks related to the supply side, the shock of oil price is the important factor that has affected the world economy since the 1970s. This paper examines the effects of monetary policy and oil price shocks on the busine...

Real Business Cycles in a Small Open Economy

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Business Cycle Features In The Iranian Economy

Default Risk, Coordination Failure, and Emerging Economy Business Cycles

Business cycles in emerging market economies are systematically associated with countercyclical changes in their country spreads: namely, in bad times, countries borrow less at higher spread and default more frequently. To examine this prominent aspect of emerging countries, I develop a small open economy model of sovereign default in a dynamic stochastic general equilibrium setting. In this mo...

Growth and Business Cycles for the Swedish Economy

This paper consists of two parts. In the first part we carry out a traditional growth accounting exercise for the private business sectors of the Swedish economy. We search for structural breaks during the sample period, using Chow tests, using a dynamic specification of Total Factor Productivity (TFP) growth rates. Grangercausality tests are carried out for the nine sub-sectors of the private ...