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Shocks to the marginal efficiency of investment are the most important drivers of business cycle fluctuations in US … output and hours. Moreover, these disturbances drive prices higher in expansions, like a textbook demand shock. We reach …
Persistent link: https://www.econbiz.de/10003785896
Shocks to the marginal efficiency of investment are the most important drivers of business cycle fluctuations in U ….S. output and hours. Moreover, like a textbook demand shock, these disturbances drive prices higher in expansions. We reach …
Persistent link: https://www.econbiz.de/10003781477
several shocks and frictions. In this model, shocks to the marginal efficiency of investment account for the bulk of …
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Shocks to the marginal efficiency of investment are the most important drivers of business cycle fluctuations in U ….S. output and hours. Moreover, like a textbook demand shock, these disturbances drive prices higher in expansions. We reach …
Persistent link: https://www.econbiz.de/10012724827
several shocks and frictions. In this model, shocks to the marginal efficiency of investment account for the bulk of …
Persistent link: https://www.econbiz.de/10012463079