Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/79457
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Type: Journal article
Title: Countercyclical markups and news-driven business cycles
Author: Pavlov, O.
Weder, M.
Citation: Review of Economic Dynamics, 2013; 16(2):371-382
Publisher: Academic Press
Issue Date: 2013
ISSN: 1094-2025
Statement of
Responsibility: 
Oscar Pavlov and Mark Weder
Abstract: The standard one-sector real business cycle model is unable to generate expectations-driven fluctuations. The addition of countercyclical markups and modest investment adjustment costs offers an easy fix to this conundrum. The simulated model replicates the regular features of U.S. aggregate fluctuations. (Copyright: Elsevier)
Keywords: E32; Expectations-driven business cycles; Markups
Rights: © 2013 Elsevier Inc. All rights reserved.
RMID: 0020125855
DOI: 10.1016/j.red.2013.02.004
Appears in Collections:Economics publications

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