Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10003901823
This paper examines the role of uncertainty shocks in a one-sector, representative-agent dynamic stochastic general-equilibrium model. When prices are flexible, uncertainty shocks are not capable of producing business-cycle comovements among key macro variables. With countercyclical markups...
Persistent link: https://www.econbiz.de/10009312762
Persistent link: https://www.econbiz.de/10011514848