| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18682 |
| 来源ID | Working Paper 18682 |
| Risk Shocks | |
| Lawrence Christiano; Roberto Motto; Massimo Rostagno | |
| 发表日期 | 2013-01-11 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We augment a standard monetary DSGE model to include a Bernanke-Gertler-Gilchrist financial accelerator mechanism. We fit the model to US data, allowing the volatility of cross-sectional idiosyncratic uncertainty to fluctuate over time. We refer to this measure of volatility as 'risk'. We find that fluctuations in risk are the most important shock driving the business cycle. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w18682 |
| 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/576353 |
| 推荐引用方式 GB/T 7714 | Lawrence Christiano,Roberto Motto,Massimo Rostagno. Risk Shocks. 2013. |
| 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 | ||
| w18682.pdf（810KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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