Real business cycle (RBC)
Oil Price Shocks, Durables Consumption, and China’s Real Business Cycle
... a real business cycle (RBC) model incorporating durable goods con- sumption in the context of oil price ...China’s cycle characteristics of macroeconomic volatility and the transmission ...
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Real Business Cycle Theory A Systematic Review
... To model the observed weak correlation between labor hours and the return to working, several strategies 32 emerged. The strategy pursued by Christiano and Eichenbaum (1992) was to simply abandon the one-shock model of ...
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Theory Analysis of Total Factor Productivity, Real Business Cycle Model and Economic PolicyAnyalezu, N. Kirk Guthlac
... (1977), business cycles are an attempt to construct a model in the most literal sense: “a fully articulated artificial economy which behaves through time so as to imitate closely the time series behaviour of ...
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Estimating baseline real business cycle models of the Australian economy
... We have shown that a range of small RBC models can be successfully estimated on Australian data. However, we found that it will be necessary to include non-produced factors of production, such as land, if these models ...
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Real Business Cycle Dynamics under Rational Inattention
... This paper incorporates Rational Inattention as de…ned by Sims (2003a) to a traditional RBC model with multiple sources of uncertainty. Our model distinguishes between transitory and permanent labor and relative ...
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A Framework for the Appraisal of Economic Crises
... a Real Business Cycle (RBC) theory. The word real applies because real shocks are emphasized, and the model is classical because it honors the supply side of the ...the real ...
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Essays in business cycle measurement
... of real business cycle models to represent the actual economy by investigating the relative importance of supply versus demand shocks as the driving force of the ...the cycle in a number of ...
210
On Expectations Driven Business Cycles in Economies with Production Externalities: A Comment
... one-sector real business cycle (RBC) model with a constant returns-to-scale technol- ogy and perfectly competitive markets does not display expectations-driven business ...expectations-driven ...
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LONG-RUN MONEY AND INFLATION NEUTRALITY TEST IN INDONESIA
... in real variables such as output, consumption, investment, and employment opportunities, Hume ...in real variables in economic unless inflation ...or real business cycle ...to ...
26
Equity Returns and Business Cycles in Small Open Economies
... key business cycle moments and long-run equity returns in a small open economy with production; we do so using data from Argentina, Brazil, and ...standard real business cycle model: ...
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Real wages in the business cycle: an unresolved conflict between theory and facts in mainstream macroeconomics
... between real wages and cyclical fluctuations appears to vary over time and across countries (a result emphasized in Michie, ...the cycle and to drive macroeconomic modelling in new directions: on the one ...
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Monetary Business Cycle Accounting
... standard real business cycle model the movements in the efficiency wedge account relatively well for the movements in the model’s real variables, and output ...the real risk-free rate ...
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Business Cycle and Small Business
... of business cycles has evolved over the past few ...current business cy- cle theorists agree that cycles result, not from a naturally recurring cycle in economic variables, but from unex- pected ...
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Nonlinear Trend and Purchasing Power Parity
... in real business cycle literature (Hodrick and Prescott ， 1981) which can give a nonlinear smooth-trend, and we find that after the 1970s float, the monthly HP trends of US dollar/UK sterling and ...
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Simulation and estimation of macroeconomic models in Dynare
... the Real Business Cycle model described in this section it is simple to …nd the model’s steady state or balanced growth path of the economy (in which output, capital, investment, marginal ...
22
Borrowing constraints and the trade balance output comovement
... By including borrowing constraints in an otherwise the standard small open economy real business cycle model, the paper confirms the aforementioned conjecture, i.e., the debt ceiling makes the trade ...
28
Monetary Aggregates and the Business Cycle
... The empirical regularity that over the business cycle movements in monetary aggre- gates, such as M ZM , precede movements in output has led to two broad lines of work. One line of work develops theories ...
46
Endogenous Defaults in the Business Cycle
... credit cycle works: bankers choose the level of deposits before the beginning of the period; then they know if there are new investment possibility on their area and, then, they make their investment ...
63
Business life cycle of the company and business intelligence
... du cycle de vie est un outil de développement durable qui est de plus en plus adopté dans les opérations des organisations publiques et ...du cycle de vie vise à l’opérationnalisation de cette approche dans ...
8
Inventories in the Australian business cycle
... inventory cycle occurs because of planned and unplanned inventory ...inventory cycle at the aggregate level and for the manufacturing ...the business cycle and significantly detract from GDP ...
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