A Plucking Model of Business Cycles

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A model of harp plucking.

In this paper, a model of the harp plucking is developed. It is split into two successive time phases, the sticking and the slipping phases, and uses a mechanical description of the human finger's behavior. The parameters of the model are identified through measurements of the finger/string displacements during the interaction. The validity of the model is verified using a configurable and repe...

متن کامل

Stock Market Bubbles and Business Cycles: A DSGE Model for the Iranian Economy

T his paper investigates the movement between stock market bubbles and fluctuations in aggregate variables within a DSGE model for the Iranian economy. We apply a new Keynesian monetary framework with nominal rigidity in wages and prices based on the study by Ikeda (2013), which is developed with appropriate framework for the Iranian economy. We consider central bank behavior differe...

متن کامل

An incomplete markets model of business cycles

This paper explores the effects of incomplete markets and positive spillovers on aggregate and industry output behavior. We consider an economy composed of a fixed set of infinitely-lived industries. When industries coordinate production decisions they jointly improve their productivity. Markets are missing, however, in the sense that industries cannot automatically form the most productive coa...

متن کامل

An Evolutionary Model of Endogenous Business Cycles

In this paper, we present an evolutionary model of industry dynamics yielding endogenous business cycles with ‘Keynesian’ features. The model describes an economy composed of firms and consumers/workers. Firms belong to two industries. The first one performs R&D and produces heterogeneous machine tools. Firms in the second industry invest in new machines and produce a homogenous consumption goo...

متن کامل

Friedman's Plucking Model of Business Fluctuations: Tests and Estimates of Permanent and Transitory Components

More than thirty years ago Milton Friedman proposed a `plucking' model of business °uctuations in which output cannot exceed a ceiling level, but will, from time to time, be plucked downward by recession. The model implied that business °uctuations are asymmetric, that recessions have only a temporary e®ect on output, and that recessions are duration dependent while expansions are not. Subseque...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2020

ISSN: 1556-5068

DOI: 10.2139/ssrn.3523653