News about aggregate demand and the business cycle

The plausibility of expectations-driven cyclical fluctuations in an otherwise standard one-sector real business cycle model with variable capital utilization and mild increasing returns-to-scale in production is examined. Due to a dominating wealth effect, our model is able to generate qualitatively...

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Veröffentlicht in:	Journal of monetary economics 2015-05, Vol.72, p.83-96
Hauptverfasser:	Guo, Jang-Ting, Sirbu, Anca-Ioana, Weder, Mark
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggregate demand Business cycles Economic models Economic theory Experimental methods Government spending Macroeconomics Monetary economics News shocks Studies Total factor productivity Wealth
Online-Zugang:	Volltext
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