Economic cycles of the theories of solar spots to hodrick's presscott filter: the colombian case
DOI:
https://doi.org/10.18041/1900-0642/criteriolibre.2010v8n13.1243Abstract
The present document does a study on the smoothing consumption, from the models of Royal business Cycles, demonstrating the quality of this methodology against the Keynesian models tendencies; being able to realize this way a model Data - Panel model that allows to indicate that the families of six countries of Latin America, choose stable paths of consumption, so it is possible to prove that the plans of social assistance focused in productivity are efficient.
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References
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Agénor, McDermott, and Prasad 285
Kouparitsas, Michael A. (1996). "NorthSouth Business Cycles". Working Paper 96-9. Federal Reserve Bank of Chicago. Processed.
Agénor, Pierre-Richard; C. John McDermott, and Eswar S. Prasad (1998). "Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts." Economic Development.
Baxter, Marianne, and Robert G. King (1995). "Approximate Band-Pass Filters for Economic Time Series." NBER Working Paper 5022. National Bureau of Economic Research, Cambridge, Mass. Processed.
Friedman, Milton (1963). A Monetary History of the United States, 1867-1960. Princeton University Press.
Hodrick, Robert J., and Edward C. Prescott (1997). "Postwar U.S. Business Cycles: An Empirical Investigation". Journal of Money, Credit, and Banking 29 (February): pp. 1-16.
Institute, World Bank, Washington, D.C. Processed. Online at http://www. worldbank.org/html/edi/ediwp.htm
King, Robert G., and Charles I. Plosser (1984). "Money, Credit, and Prices in a Real Business Cycle." American Economic Review 74(June): pp. 363-80.
Keynes John Maynard (1936). "The General Theory of Employment, Interest and
Money"; First Published: Macmillan Cambridge University Press, for Royal Economic Society in 1936.
Kydland, Finn E., and Edward C. Prescott (1994). "Business Cycles: Real Facts and a Monetary Myth." In Preston J. Miller, ed., The Rational Expectations Revolution: Readings from the Front Line. Cambridge, Mass.: MIT Press.
Lucas, Robert (1976). "Econometric Policy
Evaluation: A Critique". CarnegieRochester Conference Series on Public Policy Monetary.
McDermott, C. John (1997). "An Automatic Method for Choosing the Smoothing Parameterin the HP Filter." International Fund, Washington, D.C. Processed.
Phelps, Edmund S. (1972). Inflation Policy and Unemployment Theory. W. W. Norton, New York.
Romer, David (2000). "Keynesian Macroeconomics without the LM Curve", NBER Working Papers 7461, National Bureau of Economic Research, Inc.
Rotemberg, Julio J., and Michael Woodford (1991). "Markups and the Business Cycle". In Olivier J. Blanchard and Stanley Fischer, eds., NBER Macroeconomics Annual:
1991. Cambridge, Mass.: MIT Press
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Published
2018-01-29
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Economic cycles of the theories of solar spots to hodrick’s presscott filter: the colombian case. (2018). Criterio Libre, 8(13), 21-68. https://doi.org/10.18041/1900-0642/criteriolibre.2010v8n13.1243