网络释义 1. 实际经济周期理论模型 在实际经济周期理论模型(Real business cycle models)中,假定厂商选择最优的投资和雇佣方案,个人作出最优的消费和劳 … jpkc.znufe.edu.cn|基于 1 个网页
第一篇里的financial friction是由不对称信息导致的代理成本(agency costs),在第二篇里是由uncertainty导致的流动性风险(liquidity risk)。 Bernanke & Gertler, 1989, "Agency Costs, Net Worth, and Business Fluctuations",American Economic Review 资产负债表(balance sheet)对宏观经济活动有影响是一直以来被普遍认...
1.Measures and Stylized Facts of (U.S.) Business Cycles 1.1 Measures of Business Cycles 方差或标准差:度量宏观经济变量的波动性 相关系数:度量同时发生的宏观变量与产出的关系 自相关系数:度量宏观变量的持续性 1.2 Stylized Facts of U.S. Business Cycle (1995.3-1984.1) (Hansen 1985, JME) Intuitions:...
Real business cycle models generally neglect demand shocks. Technological productivity shocks are the primary source of economic fluctuations. The multisectoral consequences of this assumption are described in the well-known model of Long and Plosser (1983). The presented paper shows that according to ...
Business cyclesWithin the equilibrium explanation of busines cycles, there are two major classes of models. Real business-cycle models emphasize real factors, such as technological changes, in determining economic fluctuation, while monetary business-cycle models advocate the role of money in generating ...
4)Real Business Cycle Models实际经济周期模型 5)real business cycle theory实际经济周期理论 6)International business cycle国际经济周期 经济周期迄今为止,没有任何一种经济能够始终维持繁荣,每种经济都要品尝复苏的甘甜与衰退的苦涩。这种经济从繁荣走向衰退、再从衰退中复苏而反复出现的现象多少带有些规律性,因此被...
Thekeyequationinrealbusinesscyclemodelsistheaggregateproductionfunction:P0.30.7Y=F(K,L)=AKLttwhereA=totalfactorproductivityK=capitalstockL=laborProductivityShocksandBusinessCycleFluctuations(cont’d)??Realbusinesscycletheoristsseeshockstoproductivity,A,astheprimarysourceofshockstopotentialoutputandlong-run...
©2014ElsevierB.V.Allrightsreserved.SincetheinfluentialworksofConstantinides(1991),CampbellandCochrane(1999),andHeaton(1995),theuseofmodelswithhabitformationinconsumptioniscommoninmacroeconomicandfinancialliteraturebecauseoftheirabilitytomatchbothasset-pricingandbusiness-cyclefacts.1Theuseofhabitsinconsumption...
Real Business Cycle Models This paper attempts to provide an evaluation of both strengths and weaknesses of the real business cycle (RBC) approach to the analysis of macroeconomic fl... BT Mccallum - 《Nber Working Papers》 被引量: 383发表: 1988年 Inspecting the Mechanism: Closed-Form ...
3) international real business cycle theory 国际实际经济周期理论4) Real Business Cycle Models 实际经济周期模型 例句>> 5) real business cycle theory 实际经济周期理论 例句>> 6) International business cycle 国际经济周期 例句>> 补充资料:经济周期论 资产阶级经济学对资本主义再生产过程中每隔一定...