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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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Inglés (English) |
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Universidad del Rosario
2014
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| Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10969 |