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[经济学论文] Time to Build and Aggregate Fluctuations [推广有奖]

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梦里不知身是客 发表于 2015-11-17 17:40:27 |AI写论文

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1 论文标题
Time to Build and Aggregate Fluctuations
2 作者信息

Finn E. Kydland, Edward C. Prescott

3 出处和链接
Kydland+_+Prescott+1982--Time+to+Build+and+Aggregate+Fluctuation.pdf (2.45 MB, 需要: 1 个论坛币)
4 摘要
The equilibrium growth model is modified andused to explain the cyclical variances of a set of economic time series, thecovariances between real output and the other series, and the autocovariance ofoutput. The model is fitted to quarterly data for the post-war U.S. economy.Crucial features of the model are the assumption that more than one time periodis required for the construction of new productive capital, and thenon-time-separable utility function that admits greater intertemporalsubstitution of leisure. The fit is surprisingly good in light of the model'ssimplicity and the small number of free parameters.
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关键词:Fluctuations Fluctuation Aggregate ATION Build 论文

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