Blar i Arbeidsnotater / Working Papers på emneord "co-movement"
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Investment Shocks and Macroeconomic Co-Movement
(Working Papers;14/2011, Working paper, 2011)Recent studies find that shocks to the marginal efficiency of investment are a main driver of business cycles. Yet, they struggle to explain why consumption co-moves with real variables such as investment and output, which ... -
New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations
(Working Papers;2/2011, Working paper, 2011)In this paper we study the transmission for capital depreciation shocks. The existing literature in the Real Business Cycle tradition has concluded that these shocks are irrelevant for business cycle fluctuations. We show ...