A Real-Business-Cycle model with robots: Lessons for Bulgaria

نویسندگان

چکیده


 Robots are introduced into a real-business-cycle setup augmented with detailed government sector. modeled as an imperfect substitute for labor services. The model is calibrated to Bulgarian data the period following intro- duction of currency board arrangement (1999-2020). quantitative importance presence robots in economy investigated business cycle fluctuations Bulgaria. In robots, wages increase, but employment falls after technology shock. However, plausible parameter values, effect predicted be quite small.

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ژورنال

عنوان ژورنال: Journal of Mathematical Economics and Finance

سال: 2021

ISSN: ['2458-0813']

DOI: https://doi.org/10.14505/jmef.v7.2(13).01