Bambi, Mauro - CER-ETH Center of Economic Research, Department of … - 2008
Several contributions have recently reconsidered the role of the time to build assumption in explaining some relevant … stylized facts. In this paper, the similarities and differences which may emerge when the time to build structure of capital is … version of the traditional time to build model developed by Kydland and Prescott is presented, and it is shown how the typical …