| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7249 |
| DP7249 Safe Haven Currencies | |
| Paul Söderlind; Angelo Ranaldo | |
| 发表日期 | 2009-04-05 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | In this paper, we perform a structural Bayesian estimation of the contribution of anticipated shocks to business cycles in the postwar United States. Our theoretical framework is a real-business-cycle model augmented with four real rigidities: investment adjustment costs, variable capacity utilization, habit formation in consumption, and habit formation in leisure. Business cycles are assumed to be driven by permanent and stationary neutral productivity shocks, permanent investment-specific shocks, and government spending shocks. Each of these driving forces is buffeted by four types of structural innovations: unanticipated innovations and innovations anticipated one, two, and three quarters in advance. We find that anticipated shocks account for more than two thirds of predicted aggregate fluctuations. |
| 主题 | International Macroeconomics |
| 关键词 | Anticipated shocks Bayesian estimation Sources of aggregate fluctuations |
| URL | https://cepr.org/publications/dp7249 |
| 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/536086 |
| 推荐引用方式 GB/T 7714 | Paul Söderlind,Angelo Ranaldo. DP7249 Safe Haven Currencies. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Paul Söderlind]的文章 |
| [Angelo Ranaldo]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Paul Söderlind]的文章 |
| [Angelo Ranaldo]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Paul Söderlind]的文章 |
| [Angelo Ranaldo]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
