Marquis, Milton H. (contributor); Trehan, Bharat (contributor) - 2007
Research Department of the Federal Reserve Bank of San Francisco.
Productivity Shocks in a Model with Vintage
Capital …
CAPITAL AND HETEROGENEOUS LABOR
MILTON H. MARQUIS AND BHARAT TREHAN
Abstract. We construct a vintage capital model in which … WITH VINTAGE CAPITAL AND HETEROGENEOUS LABOR1
1. Introduction
In this paper we examine the effects of technology shocks in …