Tour guide Kieran Kelly looked more cheerful. Her husband, after nine years of training, now sits on the control room of Hinkley Point B, a working nuclear plant hosted by a giant grey cubic concrete building close to Hinkley Point C. Kelly sees a new job for her family through all the ...
An increase in the aggregate demand shock variable to x(t1) causes, initially, a weak response of the aggregate employment (along a play line) until a threshold value xtS1 is surpassed (the system is at point b). This is due to the presence of non- convex adjustment costs interacting ...