dc.contributor.author | CHARNAVOKI, Valery | |
dc.contributor.author | DOLADO, Juan J. | |
dc.date.accessioned | 2014-04-28T14:51:25Z | |
dc.date.available | 2014-04-28T14:51:25Z | |
dc.date.issued | 2014 | |
dc.identifier.citation | American economic journal : macroeconomics, 2014, Vol. 6, No. 2, pp. 207-237 | en |
dc.identifier.issn | 1945-7715 | |
dc.identifier.issn | 1945-7707 | |
dc.identifier.uri | https://hdl.handle.net/1814/31248 | |
dc.description.abstract | We propose a structural dynamic factor model of a small commodity-exporting economy, using Canada as a representative case study. Combining large panel data sets of the global and do- mestic economies, sign restrictions are used to identify relevant demand and supply shocks that explain volatility in real commod- ity prices. We quantify their dynamic effects on a wide variety of Canadian macro variables. We are able to reproduce all the main stylized features at business-cycle frequencies documented in the literature on this type of economies. These include a Dutch disease effect which has proven hard to find in empirical studies. | en |
dc.language.iso | en | en |
dc.relation.ispartof | American Economic Journal : Macroeconomics | en |
dc.title | The effects of global shocks on small commodity-exporting economies : lessons from Canada | en |
dc.type | Article | en |
dc.identifier.doi | 10.1257/mac.6.2.207 | |
dc.identifier.volume | 6 | en |
dc.identifier.startpage | 207 | en |
dc.identifier.endpage | 237 | en |
eui.subscribe.skip | true | |
dc.identifier.issue | 2 | en |