NDLI: NEW PERSPECTIVES ON DEPRECIATION SHOCKS AS A SOURCE OF BUSINESS CYCLE FLUCTUATIONS

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NEW PERSPECTIVES ON DEPRECIATION SHOCKS AS A SOURCE OF BUSINESS CYCLE FLUCTUATIONS

Content Provider	Scilit
Author	Furlanetto, Francesco Seneca, Martin
Copyright Year	2013
Description	In this paper we study the transmission of capital depreciation shocks. The existing literature in the real business cycle tradition has concluded that these shocks are irrelevant to business cycle fluctuations. We show that they are potentially important drivers of aggregate fluctuations in a new Keynesian model. Nominal rigidities and some persistence in the shock process are the key ingredients that generate co-movement across real variables.
Related Links	http://www.sedlabanki.is/lisalib/getfile.aspx?itemid=8046 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/AA8173871C9E93B38BD5787C843A7750/S1365100512000910a.pdf/div-class-title-new-perspectives-on-depreciation-shocks-as-a-source-of-business-cycle-fluctuations-div.pdf
Ending Page	1233
Page Count	25
Starting Page	1209
ISSN	13651005
e-ISSN	14698056
DOI	10.1017/s1365100512000910
Journal	Macroeconomic Dynamics
Issue Number	6
Volume Number	18
Language	English
Publisher	Cambridge University Press (CUP)
Publisher Date	2013-06-11
Access Restriction	Open
Subject Keyword	Macroeconomic Dynamics Mathematical Social Sciences Depreciation Shocks specific Technology Shocks Nominal Rigidities
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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