Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2004 - [Elektronische Ressource]
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Working Paper 04-16
December 2004
Firm-Specific Capital, Nominal Rigidities and the Business Cycle
By David Altig … business cycle
models a firm’s capital stock is not pre-determined and all factors of production, includ-
ing capital, can be … broadly consistent with what a student of real
business cycle models might expect. The rise in hours worked contrasts with the …