Putty-Clay and Investment: A Business Cycle Analysis
收藏NBER1998-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6812
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资源简介：
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 to the putty-clay framework induces the putty-clay
提供机构：
美国国家经济研究局
创建时间：
1998-11-01
