Now showing items 1-3 of 3

    • Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults 

      Pesaran, M. Hashem; Xu, TengTeng (Faculty of Economics, 2011-10-05)
      This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but ...
    • China’s Emergence in the World Economy and Business Cycles in Latin America 

      Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, Alessandro; Xu, TengTeng (2011-07)
      The international business cycle is very important for Latin America's economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, ...
    • The role of credit in international business cycles 

      Xu, TengTeng (Faculty of Economics, University of Cambridge, UK, 2012-01-05)
      The recent financial crisis raises important issues about the role of credit in international business cycles and the transmission of financial shocks across country borders. This paper investigates the international ...