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
✦ LIBER ✦
Investment, matching and persistence in a modified cash-in-advance economy
✍ Scribed by Auray, Stéphane; de Blas, Beatriz
- Book ID
- 122919778
- Publisher
- Elsevier Science
- Year
- 2013
- Tongue
- English
- Weight
- 519 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0165-1889
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