Animal spirits, technology shocks and the business cycle

DOI10.1016/S0165-1889(98)00087-6zbMath1031.91080OpenAlexW1978675820MaRDI QIDQ1606195

Mark Weder

Publication date: 30 July 2002

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1889(98)00087-6

zbMATH Keywords

time seriesbusiness cycleeconomies of scaletwo-sector growth model

Mathematics Subject Classification ID

Economic time series analysis (91B84) Multisectoral models in economics (91B66) Economic growth models (91B62)

Related Items

The economic determinants of technology shocks in a real business cycle model ⋮ Progressive taxation and macroeconomic stability in two-sector models with social constant returns ⋮ Business cycles with free entry ruled by animal spirits ⋮ Variety matters ⋮ TASTE FOR VARIETY AND ENDOGENOUS FLUCTUATIONS IN A MONOPOLISTIC COMPETITION MODEL ⋮ Computing sunspot equilibria in linear rational expectations models ⋮ Increasing returns, capital utilization, and the effects of government spending ⋮ Non-linear endogenous fluctuations with free entry and variable markups ⋮ On the stability of the two-sector neoclassical growth model with externalities ⋮ Indeterminacy with capital utilization and sector-specific externalities ⋮ Indeterminacy and endogenous fluctuations with arbitrarily small externalities ⋮ Tracing externalities as sources of indeterminacy. ⋮ Macroeconomic (in)stability under real interest rate targeting ⋮ Fiscal policy and indeterminacy in models of endogenous growth. ⋮ Introduction to sunspots in macroeconomics ⋮ Fickle consumers, durable goods, and business cycles ⋮ Indeterminacy in a model with aggregate and sector-specific externalities ⋮ Indeterminacy in a model with sector-specific externalities

Uses Software

• Uhlig Toolkit

Cites Work

• Fickle consumers, durable goods, and business cycles
• Real business cycles and the animal spirits hypothesis
• Monopolistic competition, business cycles, and the composition of aggregate demand
• Aggregate fluctuations with increasing returns to specialization and scale
• Comparing four models of aggregate fluctuations due to self-fulfilling expectations