Persistence Of Business Cycles In Multisector Rbc Models
DOWNLOAD
Download Persistence Of Business Cycles In Multisector Rbc Models PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Persistence Of Business Cycles In Multisector Rbc Models book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Persistence Of Business Cycles In Multisector Rbc Models
DOWNLOAD
Author : Jess Benhabib
language : en
Publisher:
Release Date : 1997
Persistence Of Business Cycles In Multisector Rbc Models written by Jess Benhabib and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business cycles categories.
Advances In Business Cycle Research
DOWNLOAD
Author : Pierre-Yves Henin
language : en
Publisher: Springer Science & Business Media
Release Date : 1995-06-13
Advances In Business Cycle Research written by Pierre-Yves Henin and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-06-13 with Business & Economics categories.
Models derived from the Real Business Cycle perspective have recently taken a major place in business cycle research. The papers in this present volume bring three contributions to this research programme: A critical evaluation of the canonical RBC models, new elements of empirical relevance, based on comparative calibration and testing, and new specifications, at the frontier of business cycle research, coping with non walrasian features, contracts and nominal rigidities, unemployment and growth.
Essays On Business Cycles
DOWNLOAD
Author : Hyungmin Jung
language : en
Publisher:
Release Date : 2005
Essays On Business Cycles written by Hyungmin Jung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Bayesian statistical decision theory categories.
Abstract: This dissertation studies the following topics in the business cycle literature: the persistence properties of business cycle models, the estimation of dynamic stochastic general equilibrium models and the roles of structural shocks. These topics are studied in order to take business cycle models to data and see their plausibility. Firstly, I investigate the persistence properties of an RBC model with consumption habit and capital adjustment cost. I use spectral analysis due to its advantage of providing a good summary of the temporal behavior of economic variables. It turns out that introducing capital adjustment cost lowers the heights of the model spectra at all frequencies due to lower variances. Consumption habit moves the peak of consumption spectrum towards too low frequency. The benchmark model whether calibrated or estimated, could not generate any significant peaks at 4-5 year business cycle frequencies. Secondly, a version of New Keynesian models is investigated that features Calvo-style sticky price/wage with various rigidities and structural shocks similar to Christiano, Eichenbaum and Evans (2005) and Smets and Wouters (2003). The model is estimated by the MCMC algorithm of Bayesian methodology with a particular effort to lower the price stickiness parameter estimate to be consistent with microeconomic evidence. For this purpose, I introduce an assumption of the endogenous elasticity of demand to the model of the above authors as an additional source of real rigidity, which successfully lowers the duration of average price to about 2.2 quarters. The estimated model also mimics well the spectral peaks shown in the U.S. aggregates. However, the model has a difficulty in explaining inflation inertia. The dilemma is that it is hard to capture both the inertial behavior and the volatility of inflation at the same time with the model. Finally, impulse response and variance decomposition analyses show that the price markup and the labor supply shocks turn out to be important in accounting for the variations in the real variables. The key thing is that these shocks produce the right correlations among the endogenous variables.
Nonlinear Dynamics In Equilibrium Models
DOWNLOAD
Author : John Stachurski
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-01-25
Nonlinear Dynamics In Equilibrium Models written by John Stachurski and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-25 with Business & Economics categories.
Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility of endogenous economic fluctuations. Kazuo Nishimura's seminal contributions on business cycles, chaotic equilibria and indeterminacy have been central to this development, transforming our understanding of economic growth, cycles, and the relationship between them. The subjects of Kazuo's analysis remain of fundamental importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been recognized for his contributions to economic theory on many occasions, being elected fellow of the Econometric Society and serving as an editor of several major journals. Chapter “Introduction” is available open access under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License via link.springer.com.
Tuning In Rbc Growth Spectra
DOWNLOAD
Author : Szilard Benk
language : en
Publisher: International Monetary Fund
Release Date : 2016-11-10
Tuning In Rbc Growth Spectra written by Szilard Benk and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-10 with Business & Economics categories.
For US postwar data, the paper explains central consumption, labor, investment and output correlations and volatilities along with output growth persistence by including a human capital investment sector and a variable physical capital utilization rate. Strong internal "amplication" results from an economy-wide productivity shock across goods and human capital investment sectors that has variances 10,000 fold smaller than in the standard RBC TFP shock. Simulated moments are compared to data moments for the business cycle, the low frequency and the Medium Cycle frequency, as well as the high frequency. A metric is provided to gauge that the results have an average of 46% deviation of simulated moments from data moments, for a broad array of targets across all windows. Within this array, key correlations have only a 15% deviation in the business cycle window, and growth persistence only an 8% deviation in the low frequency, which indicates good "propagation". Countercyclic human capital investment time and procyclic physical capital capacity utilization rates are also found as in data.
Are Fixed Effects Fixed
DOWNLOAD
Author : Douglas W. Dwyer
language : en
Publisher:
Release Date : 1997
Are Fixed Effects Fixed written by Douglas W. Dwyer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Industrial productivity categories.
Journal Of Economic Theory
DOWNLOAD
Author : Karl Shell
language : en
Publisher:
Release Date : 1998
Journal Of Economic Theory written by Karl Shell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Real Business Cycles
DOWNLOAD
Author : James Hartley
language : en
Publisher: Routledge
Release Date : 2013-07-04
Real Business Cycles written by James Hartley and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-04 with Business & Economics categories.
Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.
Inflation Employment And Business Fluctuations
DOWNLOAD
Author : Bozzano G Luisa
language : en
Publisher: Elsevier
Release Date : 2000-11-16
Inflation Employment And Business Fluctuations written by Bozzano G Luisa and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-11-16 with Business & Economics categories.
A Textbook on Macroeconomic Knowledge and Analysis
The Twelfth World Congress Of The International Economic Association August 23 27 1999 Buenos Aires Argentina
DOWNLOAD
Author : International Economic Association. World Congress
language : en
Publisher: Asociacion Argentina de Economia Politica
Release Date : 1999
The Twelfth World Congress Of The International Economic Association August 23 27 1999 Buenos Aires Argentina written by International Economic Association. World Congress and has been published by Asociacion Argentina de Economia Politica this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Developing countries categories.