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The Timing of Purchases and Aggregate Fluctuations

✍ Scribed by Leahy, John V.; Zeira, Joseph

Book ID
108504959
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
250 KB
Volume
72
Category
Article
ISSN
0034-6527

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πŸ“œ SIMILAR VOLUMES

Time to implement and aggregate fluctuat
Time to implement and aggregate fluctuations
✍ Jean-Olivier Hairault; FranΓ§ois Langot; Franck Portier πŸ“‚ Article πŸ“… 1997 πŸ› Elsevier Science 🌐 English βš– 801 KB

In this paper, we slightly modify the canonical RBC model by adding an implementation lag in the technology, to reproduce the fact that consumption is a leading indicator of output. Indeed, we assume that agents have today some information on the realization of the technology shock that will occur t