Nutahara, Kengo (2010): Note on nominal rigidities and news-driven business cycles.
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A news-driven business cycle is a positive comovement of consumption, output, labor, and investment from the news about the future. We show that nominal rigidities, especially sticky prices, can cause it in an estimated medium-scale DSGE economy.
|Item Type:||MPRA Paper|
|Original Title:||Note on nominal rigidities and news-driven business cycles|
|English Title:||Note on nominal rigidities and news-driven business cycles|
|Keywords:||nominal rigidities ; news-driven business cycles|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E21 - Consumption; Saving; Wealth
|Depositing User:||Kengo Nutahara|
|Date Deposited:||26. Jul 2010 10:59|
|Last Modified:||15. Feb 2013 23:21|
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