| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13591 |
| 来源ID | Working Paper 13591 |
| Modeling Great Depressions: The Depression in Finland in the 1990s | |
| Juan Carlos Conesa; Timothy J. Kehoe; Kim J. Ruhl | |
| 发表日期 | 2007-11-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper is a primer on the great depressions methodology developed by Cole and Ohanian (1999, 2007) and Kehoe and Prescott (2002, 2007). We use growth accounting and simple dynamic general equilibrium models to study the depression that occurred in Finland in the early 1990s. We find that the sharp drop in real GDP over the period 1990-93 was driven by a combination of a drop in total factor productivity (TFP) during 1990-92 and of increases in taxes on labor and consumption and increases in government consumption during 1989-94, which drove down hours worked in Finland. We attempt to endogenize the drop in TFP in variants of the model with an investment sector and with terms-of-trade shocks but are unsuccessful. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Business Cycles ; Monetary Policy ; International Economics ; International Macroeconomics ; Globalization and International Relations |
| URL | https://www.nber.org/papers/w13591 |
| 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/571267 |
| 推荐引用方式 GB/T 7714 | Juan Carlos Conesa,Timothy J. Kehoe,Kim J. Ruhl. Modeling Great Depressions: The Depression in Finland in the 1990s. 2007. |
| 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 | ||
| w13591.pdf（344KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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