Carlstrom, Charles T. (contributor); … - 2003 - [Elektronische Ressource]
spending. The role of investment across
the business cycle has a long tradition in monetary economics so that ignoring it …, “Nominal Price Rigidity, Money Supply Endogeneity, and Business
Cycles,” Journal of Monetary Economics 37(2), April 1996, 345 …)
tttttt
YLKfKKc ≡=−−+
+
),()1(
1
δ (9)
Note that equations (7)-(9) are essentially the real business cycle (RBC …