Demand shocks and economic fluctuations
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Author
Contributions
- Federal Reserve Bank of St. Louis - Contributor
Publication
2006 - Federal Reserve Bank of St. Louis, St. Louis, Mo., Missouri
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2006619392
- Open LibraryOL31759723M
Classifications
- LCCHB1
Description
"This paper studies conditions under which demand-side shocks can generate realistic business cycles in RBC models. Although highly persistent demand shocks are necessary for generating procyclical investment, variable capacity utilization and habit formation can reduce the required degree of persistence"--Federal Reserve Bank of St. Louis web site.
Subjects
Series Statement
- Working paper -- 2006-011A
- Working paper (Federal Reserve Bank of St. Louis : Online) -- 2006-011A.
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