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In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10010261430
sacrifice more than 10 percent of consumption to avoid such cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10012619502
Business cycle synchronization is a useful framework for analyzing the transmission of economic fluctuations. This work … synchronization. It identifies and estimates the link between GDP fluctuations in the USA and the EU-15. In particular, it shows that … there is a strong relationship between GDP fluctuations in the USA and the EU-15 in the 1960–2011 time span, which fully …
Persistent link: https://www.econbiz.de/10010595333
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sacrifice more than 10 percent of consumption to avoid such cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10012224312
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