DiCecio, Riccardo (contributor) - 2005
model which can account for this key regularity. My model incorporates three shocks to the economy: monetary policy shocks … regularity. My model incorporates three shocks to the econ-
omy: monetary policy shocks, neutral technology shocks, and embod … the economy tends to move in the same direction
along the business cycle: When the economy is in a boom, the majority of …