Preference shocks in an RBC model with intangible capital

Kashif Zaheer Malik, Syed Zahid Ali, Ali Imtiaz and Ammar Aftab

In this paper, we develop and simulate an RBC model that includes intangible capital as a third factor of production. We study the effects of intra-temporal preference shocks on economic aggregates, employing the undetermined coefficient method of to solve the model. Impulse response functions to preference shocks reveal that demand-side shocks are important in explaining the variations in macroeconomic aggregates.

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Year of publication:	2019
Authors:	Malik, Kashif Zaheer ; Ali, Syed Zahid ; Imtiaz, Ali ; Aftab, Ammar
Published in:	Cogent economics & finance. - Abingdon : Taylor & Francis, ISSN 2332-2039, ZDB-ID 2773198-4. - Vol. 7.2019, 1, p. 1-14
Subject:	Intangible capital \| real business cycle \| preference/demand shocks \| Real-Business-Cycle-Theorie \| Real business cycle model \| Schock \| Shock \| Immaterielle Werte \| Intangible assets \| Immaterielle Güter \| Intangible goods \| Schätzung \| Estimation

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1080/23322039.2019.1586621 [DOI] hdl:10419/245208 [Handle]
Classification:	E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012023367