Finance and Economics Discussion Series: Putty-Clay and Investment: A Business Cycle Analysis by Simon Gilchrist, John C. Williams

Finance and Economics Discussion Series: Putty-Clay and Investment: A Business Cycle Analysis

Simon Gilchrist, John C. Williams

48 pages • missing pub info (editions)

nonfiction politics
Powered by AI (Beta)
Loading...

Description

This paper develops a dynamic stochastic general equilibrium model with putty-clay technology that incorporates embodied technology, investment irreversibility, and variable capacity utilization. Low short-run capital-labor substitutability native...

Read more

Community Reviews

Loading...

Content Warnings

Loading...