Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil...

This study examines the influence of select macroeconomic variables and globalization variables on the volume of patented innovations in five industrialized OECD countries (the U.S., the U.K., Germany, Japan, and Australia) and in five emerging countries known as BRICS (Brazil, Russia, India,...

Los modelos DSGE modernos están microfundamentados, y sus parámetros son estructurales, así que en principio deberían ser invariantes ante cambios de política económica y no estar sujetos a la crítica de Lucas. Pero la literatura ha encontrado que problemas de especificación generan...