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A note on hump-shaped output in the RBC model

Daichi Shirai

No 14-009E, CIGS Working Paper Series from The Canon Institute for Global Studies

Abstract: This note shows that a standard real business cycle model with a specific parameter range can weakly generate a hump-shaped output response output to productivity shocks. This result requires only that the technology shocks are nearly random walk.

Pages: 12
Date: 2014-09
New Economics Papers: this item is included in nep-dge and nep-mac
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