Consumer durables and the business cycle

Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/3214

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Campo DC	Valor	Idioma
dc.contributor.author	Leão, E. R.	-
dc.contributor.author	Leão, P. R.	-
dc.date.accessioned	2012-02-06T17:53:58Z	-
dc.date.available	2012-02-06T17:53:58Z	-
dc.date.issued	2008-09	-
dc.identifier.uri	http://hdl.handle.net/10071/3214	-
dc.description	DINÂMIA, Setembro de 2008.	por
dc.description.abstract	In 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.sponsorship	FCT	por
dc.language.iso	eng	por
dc.publisher	DINÂMIA	por
dc.relation.ispartofseries	DINÂMIA'CET-Working Papers	por
dc.rights	openAccess	por
dc.subject	Dynamic general equilibrium	por
dc.subject	Business cycle	por
dc.subject	Consumer durables	por
dc.subject	Labour supply	por
dc.title	Consumer durables and the business cycle	por
dc.type	workingPaper	por
dc.peerreviewed	Sim	por
degois.publication.issue	DINAMIA_WP_2008-69	por
Aparece nas coleções:	DINÂMIA'CET-WP - Working papers com arbitragem científica

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