Schmitt-Grohe, Stephanie; Uribe, Martin - Society for Economic Dynamics - SED - 1998
As the millenium draws to an end, the threat posed by the Year 2000 (Y2K) problem is inducing vast private and public spending on its remediation. In this paper, we embed the Y2K problem into a dynamic general equilibrium framework. We model the Y2K problem as an anticipated, permanent loss to...
