Aguiar-Conraria, Luís (contributor); Wen, Yi (contributor) - 2005
Business Cycle; Capacity Utilization; Externalities; Monopolistic
Competition; Multiplier-Accelerator.
JEL classi�cation: E32 … investment demand. One possible way to model such a demand-side e�ect on investment is to
allow for externalities among �rms. Due … to externalities among �rms, the strength of aggregate
demand facing an intermediate goods producer is a function of the …