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Monetary models that specify explicit frictions to generate money demand have beendeveloped over the last 20 years and have been used to address many questions. Inthis paper we investigate the short-r...
ENDOGENOUS GROWTH AND ENDOGENOUS BUSINESS CYCLES
Endogenous Growth Endogenous Business Cycles Innovation R&D, Technological Progress RBC
2015/7/21
This paper presents a computable general equilibrium model of endogenous (stochastic) growth and cycles that can account for two key features of the aggregate data: balanced growth in the long run and...
We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, particular...
上海财经大学经济学院高级宏观经济学课件ILecture 11 Real Business Cycles Models
上海财经大学经济学院 高级宏观经济学 课件I Lecture 11 Real Business Cycles Models
2012/7/10
上海财经大学经济学院高级宏观经济学课件ILecture 11 Real Business Cycles Models.
Business Cycles and Monetary Regimes in Emerging Economies: A Role for a Monopolistic Banking Sector
banking subsidiaries cross-border banking supervision and regulation
2011/9/30
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large...
上海财经大学宏观经济学课件Chapter16 Money and Business Cycles II: Sticky Prices and Nominal Wage Rates
上海财经大学 宏观经济学 课件 Chapter16 Money and Business Cycles II Sticky Prices and Nominal Wage Rates
2010/6/28
上海财经大学宏观经济学课件Chapter16 Money and Business Cycles II: Sticky Prices and Nominal Wage Rates。
上海财经大学宏观经济学课件Chapter15 Money and Business Cycles I: The Price-Misperceptions Model
上海财经大学 宏观经济学 课件 Chapter15 Money and Business Cycles I The Price-Misperceptions Model
2010/6/28
上海财经大学宏观经济学课件Chapter15 Money and Business Cycles I: The Price-Misperceptions Model。
Indicators for Dating Business Cycles: Cross-History Selection and Comparisons
Indicators for Dating Business Cycles Cross-History Selection Comparisons
2014/3/18
The National Bureau of Economic Research (NBER)Business Cycle Dating Committee and the Center for Economic and Policy Research (CEPR) Business Cycle Dating Committee date business cycle turning po...