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1. Overview of Neoclassical Production Economics- Editors -- 2. Duality in Production Diewert (agreed) -- 3. Multiproduct Technologies Fare--agreed -- 4. Elasticities of Substitution Russell--agreed -- 5. Conceptualization and Measurement of Technical Change and Productivity Growth Hulten or...
Persistent link: https://www.econbiz.de/10013210138
Overview of Neoclassical Production Economics- Editors -- 2. Duality in Production Diewert (agreed) -- 3. Multiproduct Technologies Fare--agreed -- 4. Elasticities of Substitution Russell--agreed -- 5. Conceptualization and Measurement of Technical Change and Productivity Growth Hulten or...
Persistent link: https://www.econbiz.de/10012399269
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A unified framework for understanding asset prices and aggregate fluctuations is critical for understanding both issues. I show that a real business cycle model with external habit preferences and capital adjustment costs provides one such framework. The estimated model matches the first two...
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