| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28026 |
| 来源ID | Working Paper 28026 |
| Structural Breaks in an Endogenous Growth Model | |
| Timothy Cogley; Boyan Jovanovic | |
| 发表日期 | 2020-11-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the effects of parameter uncertainty prompted by structural breaks. In our model, agents respond differently to uncertainty prompted by regime shifts in shock processes than they react to comparable perceived increases in shock volatility. The magnitude of the response to an increase in uncertainty about TFP associated with a structural break is greater than that of a response to a comparable perceived rise in volatility. This is because lifetime utility varies more when shocks shift beliefs and perceived wealth. |
| 主题 | Macroeconomics ; Macroeconomic Models |
| URL | https://www.nber.org/papers/w28026 |
| 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/585699 |
| 推荐引用方式 GB/T 7714 | Timothy Cogley,Boyan Jovanovic. Structural Breaks in an Endogenous Growth Model. 2020. |
| 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 | ||
| w28026.pdf（858KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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