Kliesen, Kevin L. (contributor); … - 2004 - [Elektronische Ressource]
Abstract
Real-business-cycle models suggest that an increase in the rate of productivity growth increases
the real rate of …? Standard real-business-cycle models
suggest that an increase in the rate of productivity growth increases the real interest … economy
whose rate of real growth mean-reverts over the business cycle (Taylor, 1993). Hence, the real
rate of interest …