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http://hdl.handle.net/10071/3214
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dc.contributor.authorLeão, E. R.-
dc.contributor.authorLeão, P. R.-
dc.date.accessioned2012-02-06T17:53:58Z-
dc.date.available2012-02-06T17:53:58Z-
dc.date.issued2008-09-
dc.identifier.urihttp://hdl.handle.net/10071/3214-
dc.descriptionDINÂMIA, Setembro de 2008.por
dc.description.abstractIn this paper, we examine the effect of improving the quality of the consumer durables on the general equilibrium of a perfectly competitive economy. Our most interesting finding is that when such an improvement occurs, the percentage response of the labour supply is higher than the percentage response of real output. This is interesting because one of the main shortcomings of standard Real Business Cycle models is that they tend to generate a response of work hours much weaker than the response of real output.por
dc.description.sponsorshipFCTpor
dc.language.isoengpor
dc.publisherDINÂMIApor
dc.relation.ispartofseriesDINÂMIA'CET-Working Paperspor
dc.rightsopenAccesspor
dc.subjectDynamic general equilibriumpor
dc.subjectBusiness cyclepor
dc.subjectConsumer durablespor
dc.subjectLabour supplypor
dc.titleConsumer durables and the business cyclepor
dc.typeworkingPaperpor
dc.peerreviewedSimpor
degois.publication.issueDINAMIA_WP_2008-69por
Appears in Collections:DINÂMIA'CET-WP - Working papers com arbitragem científica

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