Internal and external habits and news-driven business cycles
An internal habit can be a source of news-driven business cycles, positive comovements in consumption, labor, investment, and output from the news about the future, whereas an external habit cannot.
Year of publication: |
2010
|
---|---|
Authors: | Nutahara, Kengo |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 107.2010, 2, p. 300-303
|
Publisher: |
Elsevier |
Keywords: | Habit persistence Internal habit External habit News-driven business cycles |
Saved in:
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