• Title of article

    Demand shocks and economic fluctuations

  • Author/Authors

    Yi Wen، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2006
  • Pages
    6
  • From page
    378
  • To page
    383
  • Abstract
    This paper studies conditions under which demand-side shocks can generate realistic business cycles in RBC models. Although highly persistent demand shocks are necessary for generating procyclical investment, variable capacity utilization and habit formation can reduce the required degree of persistence.
  • Keywords
    Demand shocks , Hall’s residual , Crowding out , real business cycles , Investment dynamics
  • Journal title
    Economics Letters
  • Serial Year
    2006
  • Journal title
    Economics Letters
  • Record number

    435877

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=435877