Countercyclical markups and news-driven business cycles
| Data(s) |
01/04/2013
|
|---|---|
| Resumo |
The standard one-sector real business cycle model is unable to generate expectations-driven fluctuations. The addition of countercyclical mark-ups and modest investment adjustment costs offers an easy fix to this conundrum. The simulated model replicates the regular features of U.S. aggregate fluctuations. |
| Formato |
application/pdf |
| Identificador | |
| Publicador |
Elsevier |
| Relação |
http://eprints.qut.edu.au/58194/1/58194.pdf DOI:10.1016/j.red.2013.02.004 Pavlov, Oscar & Weder, Mark (2013) Countercyclical markups and news-driven business cycles. Review of Economic Dynamics, 16(2), pp. 371-382. |
| Direitos |
Copyright 2013 Elsevier Inc. NOTICE: this is the author’s version of a work that was accepted for publication in Review of Economic Dynamics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Review of Economic Dynamics, [Volume 16, Issue 2, (April 2013)] DOI: 10.1016/j.red.2013.02.004 |
| Fonte |
QUT Business School; School of Economics & Finance |
| Palavras-Chave | #140212 Macroeconomics (incl. Monetary and Fiscal Theory) #Expectations-driven business cycles #Markups |
| Tipo |
Journal Article |
