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The role of energy in a real-business-cycle model with an endogenous capital utilization rate and a government sector : lessons from Bulgaria (1999-2016)
Vasilev, Aleksandar - 2018
of the currency board arrangement (1999-2016). We investigate the quantitative importance of the endogenous depreciation … rate, and the capital utilization mechanism working through the use of energy for cyclical fluctuations in Bulgaria. In … addition this extended setup dominates the standard RBC model framework with constant depreciation and a fixed utilization rate …
Persistent link: https://www.econbiz.de/10011888953
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The role of energy in a real-business-cycle model with an endogenous capital utilization rate and a government sector: the case of Bulgaria (1999-2016)
Vasilev, Aleksandar - 2018
of the currency board arrangement (1999-2016). We investigate the quantitative importance of the endogenous depreciation … rate, and the capital utilitization mechanism working through the use of energy for cyclical fluctuations in Bulgaria. In … addition this extended setup dominates the standard RBC model framework with constant depreciation and a fixed utilization rate …
Persistent link: https://www.econbiz.de/10011786877
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The role of energy in a real-business-cycle model with an endogenous capital utilization rate and a government sector: lessons from Bulgaria (1999-2016)
Vasilev, Aleksandar - In: Central European Economic Journal 5 (2019) 52, pp. 130-141
of the currency board arrangement (1999-2016). We investigate the quantitative importance of the endogenous depreciation … rate, and the capital utilization mechanism working through the use of energy for cyclical fluctuations in Bulgaria. In … addition this extended setup dominates the standard RBC model framework with constant depreciation and a fixed utilization rate …
Persistent link: https://www.econbiz.de/10011886950
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The role of endogenous capital depreciation rate for business cycle dynamics: lessons from Bulgaria (1999-2018)
Vasilev, Aleksandar - In: Journal of Mathematical Economics and Finance (2021) forthcoming
capital utilization mechanism for cyclical fluctuations in Bulgaria. Allowing for endogenous variations in the depreciation …We allow for an endogenous depreciation rate of physical capital stock into a real-business-cycle model with a … arrangement (1999-2018). We investigate the quantitative importance of the endogenous depreciation rate, and indirectly, the …
Persistent link: https://www.econbiz.de/10012504528
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Are habits in consumption important for the propagation of business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Central European Journal of Economic Modelling and … 11 (2019) 3, pp. 133-151
cyclical fluctuations in Bulgaria. Allowing for internal habits in household's consumption improves the model performance … be taken into consideration when analyzing the effects of different policies in Bulgaria. In addition, we also …
Persistent link: https://www.econbiz.de/10012029995
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Kapazitätsauslastung im Ausland als Indikator für die deutschen Investitionsgüterexporte
Jannsen, Nils; Richter, Julia - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 12, pp. 833-837
Die deutsche Exportindustrie ist traditionell auf die Lieferung von Investitionsgütern spezialisiert. Daher kann die Schätzung der zukünftigen Entwicklung der Investitionsgüterexporte für die Prognose der gesamten deutschen Ausfuhren von Nutzen sein. Die Investitionstätigkeit von...
Persistent link: https://www.econbiz.de/10009682530
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Understanding the Large Negative Impact of Oil Shocks
Wen, Yi - 2014
This paper offers a plausible explanation for the close link between oil prices and aggregate macroeconomic performance in the 1970s. Although this link has been well documented in the empirical literature, standard economic models are not able to replicate this link when actual oil prices are...
Persistent link: https://www.econbiz.de/10012709883
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An RBC model with Epstein-Zin (non-expected-utility) recursive preferences : lessons from Bulgaria (1999-2016)
Vasilev, Aleksandar - 2018
propagation of cyclical fluctuations in Bulgaria. Allowing for Epstein-Zin preferences improves the model performance against data …
Persistent link: https://www.econbiz.de/10011933706
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Indeterminacy with preferences featuring multiplicative habits in consumption
Vasilev, Aleksandar - 2019
We introduce consumption habits into an exogenous growth model augmented with a detailed government sector, and calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2016). We show that in contrast to the case without habits,...
Persistent link: https://www.econbiz.de/10012137980
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Kapazitätsauslastung im Ausland als Indikator für die deutschen Investitionsgüterexporte
Jannsen, Nils; Richter, Julia - In: Wirtschaftsdienst 92 (2012) 12, pp. 833-837
Die deutsche Exportindustrie ist traditionell auf die Lieferung von Investitionsgütern spezialisiert. Daher kann die Schätzung der zukünftigen Entwicklung der Investitionsgüterexporte für die Prognose der gesamten deutschen Ausfuhren von Nutzen sein. Die Investitionstätigkeit von...
Persistent link: https://www.econbiz.de/10010290898