Stockman, David R. - Department of Economics, Lerner College of Business and … - 2006
I extend the Atkeson and Kehoe (1999) putty-clay model to include elastic labor supply and more general forms of … of the putty-putty and putty-clay models, and (3) whether or not this extended putty-clay model is subject to the … output and capital to permanent changes in the price of oil is identical in both the putty-putty and putty-clay models and is …