Business cycle asymmentries: An investment cost approach

In this paper, investment cost asymmetry is introduced in order to test wheter this kind of asymmetry can account for asymmetries in business cycles. By using a smooth transition function, asymmetric investment cost is modeled and introduced in a canonical RBC model. Simulations of the model with Pe...

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Autores:

Gómez Muñoz, Wilman Arturo

Tipo de recurso:

Fecha de publicación:

2014

Institución:

Universidad de Antioquia

Repositorio:

Repositorio UdeA

Idioma:

eng

OAI Identifier:

oai:bibliotecadigital.udea.edu.co:10495/6714

Acceso en línea:

http://hdl.handle.net/10495/6714

Palabra clave:

Ciclos económicos
Modelos de simulación

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License

http://purl.org/coar/access_right/c_abf2