Home production meets time to build

被引：45

作者：

Gomme, P ^{[1
]}

Kydland, FE

Rupert, P

机构：

[1] Fed Reserve Bank Cleveland, Cleveland, OH 44114 USA

[2] Carnegie Mellon Univ, Pittsburgh, PA 15213 USA

来源：

JOURNAL OF POLITICAL ECONOMY | 2001年 / 109卷 / 05期

关键词：

D O I：

10.1086/322829

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

An innovation in this paper is to introduce a time-to-build technology for the production of market capital into a model with home production. Our main finding is that the two anomalies that have plagued all household production models-the positive correlation between business and household investment, and household investment's leading business investment over the business cycle-are resolved when time to build is added.

引用

页码：1115 / 1131

页数：17

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