Adelaide Research & Scholarship
Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/79457
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| Type: | Journal article |
| Title: | Countercyclical markups and news-driven business cycles |
| Author: | Pavlov, O. Weder, M. |
| Citation: | Review of Economic Dynamics, 2013; 16(2):371-382 |
| Publisher: | Academic Press |
| Issue Date: | 2013 |
| ISSN: | 1094-2025 |
| Statement of Responsibility: | Oscar Pavlov and Mark Weder |
| Abstract: | The standard one-sector real business cycle model is unable to generate expectations-driven fluctuations. The addition of countercyclical markups and modest investment adjustment costs offers an easy fix to this conundrum. The simulated model replicates the regular features of U.S. aggregate fluctuations. (Copyright: Elsevier) |
| Keywords: | E32 Expectations-driven business cycles Markups |
| Rights: | © 2013 Elsevier Inc. All rights reserved. |
| DOI: | 10.1016/j.red.2013.02.004 |
| Published version: | http://dx.doi.org/10.1016/j.red.2013.02.004 |
| Appears in Collections: | Aurora harvest Economics publications |
Files in This Item:
| File | Description | Size | Format | |
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| RA_hdl_79457.pdf Restricted Access | Restricted Access | 583.29 kB | Adobe PDF | View/Open |
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