Arbeitspapier
New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations
In this paper we study the transmission for capital depreciation shocks. The existing literature in the Real Business Cycle tradition has concluded that these shocks are irrelevant for business cycle fluctuations. We show that these shocks are potentially important drivers of aggregate fluctuations in a New Keynesian model. Nominal rigidities and some persistence in the shock process are the key ingredients to generate co-movement across real variables.
- ISBN
-
978-82-7553-598-4
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2011/02
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
- Thema
-
depreciation shocks
investment-specific technology shocks
consumption
nominal rigidities
co-movement
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Furlanetto, Francesco
Seneca, Martin
- Ereignis
-
Veröffentlichung
- (wer)
-
Norges Bank
- (wo)
-
Oslo
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Furlanetto, Francesco
- Seneca, Martin
- Norges Bank
Entstanden
- 2011
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