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SHOCKS AND FRICTIONS IN US BUSINESS CYCLES: A BAYESIAN …
WebSolving Models with External Habit. Jessica Wachter () . No 11559, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: Habit utility has been the focus … WebWe have described methods for solving and simulating linear models with lags, leads and rational expectations. Now it is time to go through a particular model to see how these methods get combined with economic theory. Speci cally, we will work through a version of the Real Business Cycle (RBC) model introduced in a famous 1982 paper by Finn ... cake wool company
Online Appendix for Generalized Transform Analysis of Affine
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