Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2004 - [Elektronische Ressource]
dependency reflects our assumption that in any
given period, a firm’s capital stock is predetermined. In standard equilibrium … multi-sectoral general equilibrium model which allows for the same three
shocks that we consider. Also, Edge (2004 …) considers a general equilibrium model with two types of tech-
nology shocks.
4
For early discussions of this idea, see Ball and …