Labour market fluctuations: An RBC model for emerging countries
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DOI: 10.1016/j.cbrev.2019.11.002
Abstract: Abstract In this paper, we examine the labour market properties of business cycle fluctuations for a group of 15 emerging market economies (EMEs) and the US using annual data from 1970 to 2013. We find… read more here.
Keywords: labour market; volatility; market; market fluctuations ... See more keywords
Predetermined interest rates in an analytical RBC model
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DOI: 10.1016/j.econlet.2018.08.011
Abstract: We solve a version of the analytical Real Business Cycle (RBC) model with a predetermined rate of return on household saving. The solution differs from that of the benchmark RBC model along two dimensions: (i)… read more here.
Keywords: predetermined interest; model; model predetermined; rbc model ... See more keywords
FISCAL POLICY MULTIPLIERS IN AN RBC MODEL WITH LEARNING
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DOI: 10.1017/s1365100516001176
Abstract: Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers for government purchases… read more here.
Keywords: multipliers rbc; fiscal policy; policy; rbc model ... See more keywords