Free Book Online
Book The Portuguese Economy Towards 1992


The Portuguese Economy Towards 1992

4.2 (2661)

Log in to rate this item

    Available in PDF - DJVU Format | The Portuguese Economy Towards 1992.pdf | Language: ENGLISH
    João Ferreiradoamaral (Author), Diogo Lucena (Contributor), António S.Mello (Contributor)

    Book details

This book contains papers presented at a conference held in Vimeiro, Por­: tugal, on March 23 and 24, 1991. The purpose of this conference was to discuss several aspects of the portuguese economy, namely issues and prob­: lems related with the european integration of 1992. The sponsorship has been provided by the Junta N acional de Investiga~iio Cientifica e Tecno­: logica, the portuguese science and technology foundation, as well as by the Banco de Portugal, the central bank. The first paper, by Horta Correia, Cesar das Neves and Rebelo repre­: sents an attempt to characterize and to analyze the main features of the portuguese business cycles. Making use of the real business cycle method­: ology, the authors contrast the properties of the portuguese empirical regu­: larities with those of other OEeD countries and conclude that the economic fluctuations in Portugal seem much more severe. On the other hand, the rel­: ative volatility of the various series analyzed, as well as their co-movement and serial correlation properties, are of the same order of those in other DECD countries. Horta Correia, Cesar das Neves and Rebelo evaluate the properties of the portuguese time series in light of the predictions of two dynamic general equilibrium models: a closed economy model and a model of a small open economy. Surprisingly, their closed economy model provides a good fit for the portuguese fluctuations, while the small open economy model predicts unplausibly low volatilities for both aggregate consumption and the trade balance.
2.5 (3501)
  • Pdf

*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.

Formats for this Ebook

Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch.
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes

Book details

Read online or download a free book: The Portuguese Economy Towards 1992


Review Text

The message text*: