Investment Specific Technology Shocks And Emerging Market Business Cycle Dynamics
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Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of
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Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economi
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Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real b