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 (18)

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

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