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Investment Shocks and Business Cycles

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NBER2009-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15570
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资源简介:
We study the driving forces of fluctuations in an estimated New Neoclassical Synthesis model of the U.S. economy with several shocks and frictions. In this model, shocks to the marginal efficiency of investment account for the bulk of fluctuations in output and hours at business cycle frequencies.
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2009-12-01
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