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Persistent link: https://www.econbiz.de/10003828103
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10003833344
Persistent link: https://www.econbiz.de/10008659495
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10012718147
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10013160381
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10013120659
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10009295333
Persistent link: https://www.econbiz.de/10009298968
The empirical support for a real business cycle model with two technology shocks is evaluated using a Bayesian model … and restrictions on long-run responses to technology shocks. Wefind support for a number of the features implied by the … investment ratios form stable relationships, but technology shocks do not accountfor all stochastic trends in our system. There …
Persistent link: https://www.econbiz.de/10011380727
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