Yuko Imura - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:09:01+00:00Productive Misallocation and International Transmission of Credit Shocks
https://www.bankofcanada.ca/2015/06/working-paper-2015-19/
We develop an asymmetric, two-country equilibrium business cycle model to study the role of international trade in transmitting and propagating the real effects of global financial shocks. Our model predicts that a recession in a large economy considerably alters a recession in its smaller trade partner, with distinct investment dynamics driving the transmission.2015-06-12T13:27:56+00:00enProductive Misallocation and International Transmission of Credit Shocks2015-06-12Business fluctuations and cyclesEconomic modelsFinancial marketsFinancial stabilityInternational topicsWorking Paper 2015-19https://www.bankofcanada.ca/wp-content/uploads/2015/06/wp2015-19.pdfInternational Transmission of Credit Shocks in an Equilibrium Model with Production HeterogeneityYuko ImuraJulia ThomasJune 2015EE2E22E3E32E4E44FF4F41F44