Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2004 - [Elektronische Ressource]
discussion of the solution to firm-specific capital models in simpler settings.
13
Y
t
= α+B(L)Y
t−1
+u
t
, (3.2)
Eu
t
u
0
t
= V ….
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 …