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Devaluation (levels vs. rates) and balance of payments in a cash-in-advance economy

โœ Scribed by Alberto Petrucci


Book ID
117427785
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
76 KB
Volume
22
Category
Article
ISSN
0261-5606

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The cyclical behavior of household and b
โœ Victor E Li; Chia-Ying Chang ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 420 KB

This paper focuses on a monetary explanation of two business cycle regularities: (i) business and household investment are positively correlated and procyclical and (ii) business investment tends to lag household investment over the cycle. Our general equilibrium framework is essentially a standard