Artikel
Lizenziert
Nicht lizenziert
Erfordert eine Authentifizierung
Capital Utilization and the Amplification Mechanism
-
Stefania Villa
Veröffentlicht/Copyright:
19. September 2012
Abstract
Different modeling techniques have been proposed in the literature to solve the issue of amplification in response to shocks in Dynamic Stochastic General Equilibrium (DSGE) models. This paper analyzes the impact of variable capital utilization on the amplification mechanism of productivity shocks. It builds a DSGE model which includes a link between capital utilization and shiftworking, consistently with the empirical literature. This paper shows that capital utilization cannot be the main mechanism which amplifies the effects of the shocks hitting the economy.
Published Online: 2012-9-19
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Sie haben derzeit keinen Zugang zu diesem Inhalt.
Sie haben derzeit keinen Zugang zu diesem Inhalt.
Artikel in diesem Heft
- Advances Article
- Life Cycle Dynamics of Income Uncertainty and Consumption
- Immigration, Fiscal Policy, and Welfare in an Aging Population
- Contributions Article
- Who Gets the Credit? And Does It Matter? Household vs. Firm Lending Across Countries
- How Much Did the 2009 Australian Fiscal Stimulus Boost Demand? Evidence from Household-Reported Spending Effects
- Economic Growth and Political Survival
- Exchange Rate Uncertainty and Trade
- Monetary and Macroprudential Policy Rules in a Model with House Price Booms
- A Unified Framework for Using Micro-Data to Compare Dynamic Time-Dependent Price-Setting Models
- Government Policy Response to War-Expenditure Shocks
- Poverty Traps and Growth in a Model of Endogenous Time Preference
- Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending
- Great Spending Crashes
- Capital Utilization and the Amplification Mechanism
- Topics Article
- Unemployment Expectations and the Business Cycle
- Sector-Specific Capital, Labor Market Distortions and Cross-Country Income Differences: A Two-Sector General Equilibrium Approach
- A Dynamic Theory of Competence, Loyalty and Stability in Dictatorships
- Coordination Failure in Investment, Economic Growth, and Volatility
- Openness, Imported Commodities and the Sacrifice Ratio
- Consumption, Leisure and Borrowing Constraints
- A Credibility Proxy: Tracking US Monetary Developments
- Estimating Information Rigidity Using Firms' Survey Data
- Has the Fed Reacted Asymmetrically to Stock Prices?
- News Shocks, Productivity and the U.S. Investment Boom-Bust Cycle
- A Supply-Demand Framework for Understanding the U.S. Gender Gap in Education
- Misallocation and Manufacturing TFP in Bolivia during the Market Liberalization Period
- Government Debt Dynamics Under Discretion
- The Global Transmission of Government Debt
- Is Discretionary Fiscal Policy in Japan Effective?
- The Laffer Curve in a Frictional Labor Market
- Nonexponential Discounting: A Direct Test And Perhaps A New Puzzle
- International Transmission of Medium-Term Technology Cycles: Evidence from Spain as a Recipient Country
- Phases of Economic Development: Do Initial Endowments Matter?
Artikel in diesem Heft
- Advances Article
- Life Cycle Dynamics of Income Uncertainty and Consumption
- Immigration, Fiscal Policy, and Welfare in an Aging Population
- Contributions Article
- Who Gets the Credit? And Does It Matter? Household vs. Firm Lending Across Countries
- How Much Did the 2009 Australian Fiscal Stimulus Boost Demand? Evidence from Household-Reported Spending Effects
- Economic Growth and Political Survival
- Exchange Rate Uncertainty and Trade
- Monetary and Macroprudential Policy Rules in a Model with House Price Booms
- A Unified Framework for Using Micro-Data to Compare Dynamic Time-Dependent Price-Setting Models
- Government Policy Response to War-Expenditure Shocks
- Poverty Traps and Growth in a Model of Endogenous Time Preference
- Where Has All the Money Gone? Foreign Aid and the Composition of Government Spending
- Great Spending Crashes
- Capital Utilization and the Amplification Mechanism
- Topics Article
- Unemployment Expectations and the Business Cycle
- Sector-Specific Capital, Labor Market Distortions and Cross-Country Income Differences: A Two-Sector General Equilibrium Approach
- A Dynamic Theory of Competence, Loyalty and Stability in Dictatorships
- Coordination Failure in Investment, Economic Growth, and Volatility
- Openness, Imported Commodities and the Sacrifice Ratio
- Consumption, Leisure and Borrowing Constraints
- A Credibility Proxy: Tracking US Monetary Developments
- Estimating Information Rigidity Using Firms' Survey Data
- Has the Fed Reacted Asymmetrically to Stock Prices?
- News Shocks, Productivity and the U.S. Investment Boom-Bust Cycle
- A Supply-Demand Framework for Understanding the U.S. Gender Gap in Education
- Misallocation and Manufacturing TFP in Bolivia during the Market Liberalization Period
- Government Debt Dynamics Under Discretion
- The Global Transmission of Government Debt
- Is Discretionary Fiscal Policy in Japan Effective?
- The Laffer Curve in a Frictional Labor Market
- Nonexponential Discounting: A Direct Test And Perhaps A New Puzzle
- International Transmission of Medium-Term Technology Cycles: Evidence from Spain as a Recipient Country
- Phases of Economic Development: Do Initial Endowments Matter?
