أعرض تسجيلة المادة بشكل مبسط

dc.creator Knüppel, Malte
dc.date 2008
dc.date.accessioned 2013-10-16T07:06:29Z
dc.date.available 2013-10-16T07:06:29Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19713
dc.identifier ppn:558636241
dc.identifier RePEc:zbw:bubdp1:7036
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19713
dc.description In this paper, we investigate the ability of a modified RBC model to reproduce asymmetries observed for macroeconomic variables over the business cycle. In order to replicate the empirical skewness of major U.S. macroeconomic variables, we introduce a capacity constraint into an otherwise prototypical RBC model. This constraint emerges due to the assumption of kinked marginal costs of utilization, where the kink is located at a utilization rate of 100 percent. We find that a model with a suitably calibrated cost function reproduces the empirical coefficients of skewness remarkably well.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2008,01
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E32
dc.subject ddc:330
dc.subject Capacity utilization
dc.subject capacity constraints
dc.subject asymmetry
dc.subject RBC model
dc.subject Real Business Cycle
dc.subject Wirtschaftspotenzial
dc.subject Bottleneck
dc.subject Theorie
dc.subject USA
dc.title Can capacity constraints explain asymmetries
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط