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Recent years witnessed a flourishing of literature on the implication of shifts from home- production to market production on the macro economy, and in particular, the real business cycle. This literature employs calibration techniques to emulate the fluctuations in market output, labor and...
Persistent link: https://www.econbiz.de/10012761348
The present System of National Accounts (SNA93) treats durable consumption goods as consumption goods rather than investment although rentals for owner occupied households is imputed into GDP. We argue that households de facto treat the purchase of durable goods as investments and thus, the...
Persistent link: https://www.econbiz.de/10012770430
Recent years witnessed a flourishing of literature on the implication of shifts from home- production to market production on the macro economy, and in particular, the real business cycle. This literature employs calibration techniques to emulate the fluctuations in market output, labor and...
Persistent link: https://www.econbiz.de/10012466381
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Das Interesse an der Haushaltsproduktion ist 2008 nach der Veröffentlichung des neuen Systems der volkswirtschaftlichen … Gesamtrechnungen stark gewachsen. In diesem Beitrag analysieren wir, wie die Berücksichtigung der Haushaltsproduktion die …
Persistent link: https://www.econbiz.de/10011635830