Demand Shocks that Look Like Productivity Shocks

The use of competitive search protocols in final goods allows for the specification of models where demand shocks generate propagations that look like productivity shocks. In such environments there is a role for expansion of public expenditures during recessions. We investigate the empirical and quantitative validity of model economies with these properties.

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Year of publication:	2011
Authors:	Storesletten, Kjetil ; Rull, Jose-Victor Rios ; Bai, Yan
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2011 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2011 SED Meeting Papers Number 99
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011081597