The Timing of Purchases and Aggregate Fluctuations

DOI10.1111/0034-6527.00364MaRDI QIDQ3371168zbMATH OpenOpenAlexFDO

Authors John Leahy, Joseph Zeira

Publication date 21 February 2006

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w7672.pdf

zbMATH Keywords

business cycleendogenous price determinationgeneral equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic dynamics (91B55) Multisectoral models in economics (91B66)

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Cited in

(6)

• Fickle consumers, durable goods, and business cycles
• Time to implement and aggregate fluctuations
• Equilibrium in a durable goods market with lumpy adjustment
• Consumption dynamics during recessions
• The Cyclicality of Sales and Aggregate Price Flexibility
• Credit shocks and equilibrium dynamics in consumer durable goods markets

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