Wen, Yi; Wu, Huabin - Federal Reserve Bank of St. Louis - 2008
degree of externalities without triggering indeterminacy can potentially explain the asymmetric property of the business … Business Cycle Model Pass the Watson Test? Journal of
Monetary Economics 42(1), 185-230.
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… Economics, China
huabinwu@gmail.com
November 18, 2008
Abstract
We show that increasing returns to scale (due to production …