Meza, Felipe; Quintin, Erwan - In: Advances in Macroeconomics 7 (2007) 1, pp. 1593-1593
Total factor productivity (TFP) falls markedly during financial crises, as we document with recent evidence from Latin America and Asia. We study the ability of various versions of the small open economy neoclassical growth model to account for the behavior of inputs, output, and aggregate...