Freddy Rojas

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This technical report is a preprint of a paper intended for publication in a journal or proceedings. Since changes may be made before publication, this preprint is made available with the understanding that anyone wanting to cite or reproduce it ascertains that no published version in journal or proceedings exists. Permission to copy this report is granted(More)
  • Diego Comin, Norman Loayza, Farooq Pasha, Luis Serven, Freddy Rojas, Naotaka Sugawara +12 others
  • 2014
Business cycle fluctuations in developed economies (N) tend to have large and persistent effects on developing countries (S). We study the transmission of business cycle fluctuations for developed to developing economies with a two-country asymmetric DSGE model with two features: (i) endogenous development of new technologies in N , and (ii) sunk costs of(More)
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