business cycle model वाक्य
उदाहरण वाक्य
मोबाइल
- The computer simulation model resembles a deterministic version of a simple business cycle model.
- After the publication of Keynes'General Theory many attempts were made to build a business cycle model.
- Another major criticism is that real business cycle models can not account for the dynamics displayed by U . S . gross national product.
- One of the most famous new classical models is the real business cycle model, developed by Edward C . Prescott and Finn E . Kydland.
- It presents an alternative to the real business cycle model and the quantity theory of money considered only a long-run theory of the price level.
- Consequently, it has become a mainstay in graduate macroeconomics training and underlies the work by Economics Nobel Laureate Ed Prescott and other economists on Real Business Cycle models.
- While he did not use the term, T�nu Puu ( 1989 ) presented a multiplier-accelerator business cycle model with a cubic accelerator function that exhibited the phenomenon.
- Macroeconomic models, including real business cycle models, efficiency wage models and search / matching models, have long had difficulty accounting for the observed volatility in labor market variables.
- Backus made several significant contributions to macroeconomics and finance, including the canonical international business cycle model with Patrick J . Kehoe and Finn Kydland and identifying the Backus Smith puzzle and the international consumption correlation puzzle.
- In 2007, Mikhail Golosov and Robert Lucas found that the size of the menu cost needed to match the micro-data of price adjustment inside an otherwise standard business cycle model is implausibly large to justify the menu-cost argument.
- By using an equilibrium business cycle model, Bianchi and Mendoza ( 2010 ) showed that economic agents facing collateral constraint borrow too much and the economy suffers from larger magnitude financial crises than it would have suffered under the social planner's economy.
- As Larry Summers said : " ( My view is that ) real business cycle models of the type urged on us by [ Ed ] Prescott have nothing to do with the business cycle phenomena observed in the United States or other capitalist economies . "
- Sims has been an outspoken opponent of the rational expectations revolution in macroeconomics, arguing that it should be thought of as a " cautionary footnote " to econometric policy analysis, rather than " a deep objection to its foundations . " He has been similarly skeptical of the value of real business cycle models.
- The 2009 Bernacer prize was awarded to the French economist Emmanuel Farhi ( Harvard University ) " for his relevant contributions to the design of optimal taxation in business cycle models with incomplete markets, and for improving our understanding of the macroeconomic mechanisms that underlie the relationships among global imbalances, financial crashes, speculative growth episodes and real activity ".
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