Solving the Procyclical News Shock Problem

vintage capital magnifies the boom signicantly. By vintage capital, we mean that the pre-existing capital stock's efficiency grows by relatively less than does future capitalinvestment in response to the shock.

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Year of publication:	2010
Authors:	Mehkari, Saif ; Dupor, Bill
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2010 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 SED Meeting Papers Number 400
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080862