A note on hump-shaped output in the RBC model

This note shows that a standard real business cycle model with a specific parameter range can weakly generate a hump-shaped output response output to productivity shocks. This result requires only that the technology shocks are nearly random walk.

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Year of publication:	2014-09
Authors:	Shirai, Daichi
Institutions:	Canon Institute for Global Studies

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Extent:	application/pdf
Series:	CIGS Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 14-009E 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010936381