Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models
Year of publication: |
2003-07
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Authors: | Caballero, Ricardo J. ; Engel, Eduardo M.R.A. |
Institutions: | Cowles Foundation for Research in Economics, Yale University |
Subject: | Speed of adjustment | Discrete adjustment | Lumpy adjustment | Aggregation | Calvo model | ARMA process | Partial adjustment | Expected response time | Monetary policy | Investment | Labor demand | Sticky prices | Idiosyncratic shocks | Impulse response function | Time-to-build |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | The price is None Number 1430 32 pages |
Classification: | C22 - Time-Series Models ; C43 - Index Numbers and Aggregation ; D2 - Production and Organizations ; E2 - Consumption, Saving, Production, Employment, and Investment ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit |
Source: |
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