| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3635 |
| 来源ID | Working Paper 3635 |
| Why Do Countries and Industries with Large Seasonal Cycles Also Have Large Business Cycles? | |
| J. Joseph Beaulieu; Jeffrey K. MacKie-Mason; Jeffrey A. Miron | |
| 发表日期 | 1991-02-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | We show there is a strong, positive correlation across countries and industries between the standard deviation of the seasonal component and the standard deviation of the non-seasonal component of aggregate variables such as output, labor input, interest rates, and prices. After documenting this stylized fact, we discuss possible explanations and develop a model that generates our empirical finding. The main feature of the model is that firms endogenously choose their degree of technological flexibility as a function of the amounts of seasonal and non-seasonal variation in demand. Although this model is intended to be illustrative, we find evidence supporting one of its key empirical implications. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w3635 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560942 |
| 推荐引用方式 GB/T 7714 | J. Joseph Beaulieu,Jeffrey K. MacKie-Mason,Jeffrey A. Miron. Why Do Countries and Industries with Large Seasonal Cycles Also Have Large Business Cycles?. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3635.pdf（545KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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