Search Results - subject:"Variable capital utilization"

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Indeterminacy with Externalities and Capital Utilization

Ismael, Mohanad; Magris, Francesco - Centre d'Études des Politiques Économiques (EPEE), … - 2008

for variable capital utilization i.e. the depreciation rate is endogenously determined by the degree of capital ex …

Persistent link: https://www.econbiz.de/10010640921

Indeterminacy Revisited: Variable Capital Utilization and Returns to Scale

Weder, Mark - School of Economics, University of Adelaide - 2005

This paper presents a one-sector optimal growth model with variable capacity services and production externalities. It uses a new formulation of the endogenous capital utilization rate in which utilization costs appear in the form of variable maintenance expenses. I find that indeterminacy...

Persistent link: https://www.econbiz.de/10008520852

Hump-shaped Behavior of Inflation and Dynamic Externality

Tsuruga, Takayuki - Econometric Society - 2004

order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic … standard New Keynesian (NK) model is augmented so as to include dynamic externality with sticky wages and variable capital … utilization. In our analysis, we assume purely forward-looking nominal rigidities in nominal prices and wages a la Calvo(1983 …

Persistent link: https://www.econbiz.de/10005342361