Dating Business Cycles of Emerging Markets
| Thesis title in Czech: | Datace hospodářských cyklů na rozvíjejících se trzích |
|---|---|
| Thesis title in English: | Dating Business Cycles of Emerging Markets |
| Academic year of topic announcement: | 2010/2011 |
| Thesis type: | diploma thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | PhDr. Jaromír Baxa, Ph.D. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 23.02.2011 |
| Date of assignment: | 23.02.2011 |
| Guidelines |
| First the NBER procedure and standard filtering methods are
employed on available CEE countries data. The last 20 years are taken into consideration. After applying seasonal adjustments, the business cycles are identified and the two results compared. |
| References |
| 1. Aguiar, M. & G. Gopinath (2007): “Emerging Market Business Cycles: The Cycle
is the Trend.” Journal of Political Economy vol. 115: pp. 69–102. 2. Arleano, C. & E. Mendroza (2002): “Credit Frictions and ’Sudden Stops’ in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Market Crises.” NBER Working Paper No. w8880. 3. Correia, I. & J. C. Neves & S. Rebelo (1995): “Business Cycles in Small Open Economies.” European Economic Review 39(6): pp. 1089–1113. 4. Mendoza, E. (1991): “Real Business Cycles in a Small Open Economy.” American Economic Review 81(4): pp. 797–818. 5. Rand, J. & F. Tarp (2002): “Business Cycles in Developing Countries: Are They Different?.” World Development 30(12): pp. 2071–2088. 6. Taylor, J.B. & M. Woodford (1999): “Handbook of Macroeconomics.” Elsevier |
| Preliminary scope of work |
| In my work I will compare methods of datation of business
cycles on the CEE countries. With respect to the evidence from emerging economies elswhere in the world I will test whether or not one can use the standard parametrisation of the filtering methods such as Hodric-Prescott and Baxter-King filters. If the results show different behavior than in developed countries, I will try to reparametrize the model to fit the developing countries. |
| Preliminary scope of work in English |
| In my work I will compare methods of datation of business
cycles on the CEE countries. With respect to the evidence from emerging economies elswhere in the world I will test whether or not one can use the standard parametrisation of the filtering methods such as Hodric-Prescott and Baxter-King filters. If the results show different behavior than in developed countries, I will try to reparametrize the model to fit the developing countries. |