| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3052 |
| DP3052 Foreign Direct Investment in Central and Eastern Europe: Employment Effects in the EU | |
| Karolina Ekholm; Henrik Braconier | |
| 发表日期 | 2001-11-11 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper entertains the notion that disturbances on the demand side play a central role in our understanding of the Great Depression. In fact, from Euler equation residuals I am able to identify a series of unusually large negative demand shocks that appeared to have hit the US economy during the 1930s. I apply these measured demand shocks to a dynamic general equilibrium model and find that size and sequence of shocks can generate a pattern of the model economy that is not unlike data. The model is able to account for the lion?s share of the decline in economic activity and is able to exaggerate realistic persistence. |
| 主题 | International Macroeconomics |
| 关键词 | Great depression Demand shocks Dynamic general equilibrium |
| URL | https://cepr.org/publications/dp3052 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532087 |
| 推荐引用方式 GB/T 7714 | Karolina Ekholm,Henrik Braconier. DP3052 Foreign Direct Investment in Central and Eastern Europe: Employment Effects in the EU. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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