Persistance, cycles et croissance endogène

Julien Matheron

Revue d'économie politique, 2003, vol. 113, issue 3, 353-371

Abstract: Real business cycle (RBC) models with permanent technology shocks usually cannot reproduce business cycle stylized facts. This implies that with a prior in favor of the presence of a unit root in the main macroeconomic variables, one must dismiss the RBC methodology. In this paper we show that introducing a particular form of endogenous growth into an otherwise standard RBC model helps resolve this dilemma. In particular, it permits us to reproduce some key business cycle facts and yet to obtain a realistic random walk in output.

Keywords: persistence; real business cycles; endogenous growth (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_133_0353 (application/pdf)
http://www.cairn.info/revue-d-economie-politique-2003-3-page-353.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:repdal:redp_133_0353

Access Statistics for this article

More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().