Internal and external habits and news-driven business cycles
Economics Letters, 2010, vol. 107, issue 2, 300-303
An internal habit can be a source of news-driven business cycles, positive comovements in consumption, labor, investment, and output from the news about the future, whereas an external habit cannot.
Keywords: Habit; persistence; Internal; habit; External; habit; News-driven; business; cycles (search for similar items in EconPapers)
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Working Paper: Internal and external habits and news-driven business cycles (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:2:p:300-303
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