| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11492 |
| 来源ID | Working Paper 11492 |
| Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects | |
| Guillermo A. Calvo; Alejandro Izquierdo; Rudy Loo-Kung | |
| 发表日期 | 2005-07-25 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Sudden Stops are associated with increased volatility in relative prices. We introduce a model based on information acquisition to rationalize this increased volatility. An empirical analysis of the conditional variance of the wholesale price to consumer price ratio using panel ARCH techniques confirms the relevance of Sudden Stops and potential balance-sheet effects as key determinants of relative-price volatility, where balance-sheet effects are captured by the interaction of a proxy for potential changes in the real exchange rate (linked to the degree of external leverage of the absorption of tradable goods) and a measure of domestic liability dollarization. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w11492 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569138 |
| 推荐引用方式 GB/T 7714 | Guillermo A. Calvo,Alejandro Izquierdo,Rudy Loo-Kung. Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11492.pdf（511KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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