New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations

In this paper we study the transmission for capital depreciation shocks. The existing literature in the Real Business Cycle tradition has concluded that these shocks are irrelevant for business cycle fluctuations. We show that these shocks are potentially important drivers of aggregate fluctuations in a New Keynesian model. Nominal rigidities and some persistence in the shock process are the key ingredients to generate co-movement across real variables

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Year of publication:	2011
Authors:	Seneca, Martin
Other Persons:	Furlanetto, Francesco (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Abschreibung \| Depreciation \| Schock \| Shock \| Real-Business-Cycle-Theorie \| Real business cycle model \| Privater Konsum \| Private consumption \| Investition \| Investment \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Konjunktur \| Business cycle

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Extent:	1 Online-Ressource (43 p)
Series:	Norges Bank Working Paper ; 2011/02
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Norges Bank Working Paper 2011/02 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 2011 erstellt
Classification:	E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

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