Sectoral Shocks, Learning, and Aggregate Fluctuations

1 October 1993

journal article
Published by Oxford University Press (OUP) in The Review of Economic Studies

Vol. 60 (4) , 777-794
https://doi.org/10.2307/2298099

Abstract

We present a model in which sectoral shocks have aggregate consequences. The model relies on irreversible investment and imperfect information to slow

Keywords

OPTIMAL
MODEL
SHOCKS
IMPERFECT
EXPANDING
GRADUAL
IRREVERSIBLE
AGGREGATE FLUCTUATIONS

This publication has 0 references indexed in Scilit: