Demand shocks and economic fluctuations
By: by Yi Wen
Contributors: Federal Reserve Bank of St. Louis
Series: Working paper -- 2006-011A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2006-011A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2006
Place of publication: St. Louis, Mo.]
Language: eng
Format: [electronic resource] /
Description: "This paper studies conditions under which demand-side shocks can generate realistic business cycles in RBC models.  Although highly persistent demand shocks are necessary for generating procyclical investment, variable capacity utilization and habit formation can reduce the required degree of persistence"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 6/26/2006.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.