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Prescott, Edward C.
Eliminar la restricciónCreador: Prescott, Edward C.
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E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles
Eliminar la restricciónTema: E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles
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Creator: Kydland, Finn E. and Prescott, Edward C. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 267 Abstract: The neoclassical growth model studied in Kydland and Prescott [1982] is modified to permit the capital utilization rate to vary. The effect of this modification is to increase the amplitude of the aggregate fluctuations predicted by theory as the equilibrium response to technological shocks. If following Solow [1957], the changes in output not accounted for by changes in the labor and tangible capital inputs are interpreted as being the technology shocks, the statistical properties of the fluctuations in the post-war United States economy are close in magintude and nature to those predicted by theory. Palabra clave: Production, Business cycle , Work week, and Labor Tema: D50 - General equilibrium and disequilibrium - General and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles -
Creator: Kydland, Finn E. and Prescott, Edward C. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 267 Abstract: The neoclassical growth model studied in Kydland and Prescott [1982] is modified to permit the capital utilization rate to vary. The effect of this modification is to increase the amplitude of the aggregate fluctuations predicted by theory as the equilibrium response to technological shocks. If following Solow [1957], the changes in output not accounted for by changes in the labor and tangible capital inputs are interpreted as being the technology shocks, the statistical properties of the fluctuations in the post-war United States economy are close in magintude and nature to those predicted by theory. Palabra clave: Production, Work week, Labor, and Business cycle Tema: D50 - General equilibrium and disequilibrium - General and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles -
Creator: Cooley, Thomas F., Hansen, Gary D. (Gary Duane), and Prescott, Edward C. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 535 Palabra clave: Equilibrium and Business cycle Tema: E13 - General aggregative models - Neoclassical and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles -
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Creator: McGrattan, Ellen R. and Prescott, Edward C. Series: Staff Reports (Federal Reserve Bank of Minneapolis) Number: 494 Palabra clave: Intangible capital, Productivity, and Business cycles Tema: E13 - General aggregative models - Neoclassical and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles -
Creator: McGrattan, Ellen R. and Prescott, Edward C. Series: Working Papers (Federal Reserve Bank of Minneapolis) Number: 694 Palabra clave: Nonneutral technology change, Intangible capital, RBC models, Labor wedge, and Labor productivity Tema: E13 - General aggregative models - Neoclassical, E01 - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts, and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles