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Coffee, economic fluctuations and stabilisation: An intertemporal disequilibrium model with capital market imperfections

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dc.creatorOtero Cardona, Jesús Gilbertospa
dc.date.accessioned2020-05-25T23:56:06Z
dc.date.available2020-05-25T23:56:06Z
dc.date.created2000spa
dc.description.abstractThis paper develops a two-period disequilibrium model of a small open economy under Keynesian unemployment to analyse the effects of temporary, anticipated, and permanent coffee price shocks. The model includes a government sector that administers a commodity price stabilisation fund, and allows for capital market imperfections. The type of capital market imperfection makes an important difference to the results of the model. In particular, when the government borrows on more favourable terms than individuals, the coffee price stabilisation fund reduces the multiplier effects of temporary and permanent shocks not only in the first, but also in the second period. By contrast, when individuals face an upward-sloping supply of capital curve, the stabilisation fund shifts some of these effects from the first to the second period. (C) 2000 Elsevier Science B.V. All rights reserved.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.1016/S0304-3878(00)00077-8
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/22321
dc.language.isoengspa
dc.relation.citationEndPage129
dc.relation.citationIssueNo. 1
dc.relation.citationStartPage105
dc.relation.citationTitleJournal of Development Economics
dc.relation.citationVolumeVol. 62
dc.relation.ispartofJournal of Development Economics, Vol.62, No.1 (2000); pp. 105-129spa
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-0034211012&doi=10.1016%2fS0304-3878%2800%2900077-8&partnerID=40&md5=ec4b10edd148d954007f85fb790bb209spa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordCapital marketspa
dc.subject.keywordCoffeespa
dc.subject.keywordFood marketspa
dc.subject.keywordMarket conditionsspa
dc.subject.keywordStabilizationspa
dc.subject.keywordCapital market imperfectionsspa
dc.subject.keywordCoffee boomsspa
dc.subject.keywordColombiaspa
dc.subject.keywordStabilisationspa
dc.titleCoffee, economic fluctuations and stabilisation: An intertemporal disequilibrium model with capital market imperfectionsspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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