SECTORAL SHOCKS, LEARNING, AND AGGREGATE FLUCTUATIONS

被引：37
|
作者：
CAPLIN, A [1 ]
LEAHY, J [1 ]
机构：
[1] HARVARD UNIV,CAMBRIDGE,MA 02138
来源：
REVIEW OF ECONOMIC STUDIES | 1993年 / 60卷 / 04期
基金：
美国国家科学基金会;
关键词：
D O I：
10.2307/2298099
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We present a model in which sectoral shocks have aggregate consequences. The model relies on irreversible investment and imperfect information to slow the adjustment of expanding industries. We show that this gradual expansion is sub-optimal.
引用
下载
收藏
页码：777 / 794
页数：18
相关论文
共 50 条
  • [11] Sectoral shifts or aggregate shocks? A new test of sectoral shifts hypothesis
    Byun, Yanggyu
    Hwang, Hae-shin
    EMPIRICAL ECONOMICS, 2015, 49 (02) : 481 - 502
  • [12] Aggregate Dynamics with Sectoral Price Stickiness Heterogeneity and Aggregate Real Shocks
    Flamini, Alessandro
    Hasan, Iftekhar
    JOURNAL OF MONEY CREDIT AND BANKING, 2024,
  • [13] Oil price shocks and aggregate fluctuations
    de Miguel, C
    Manzano, B
    Martín-Moreno, JM
    ENERGY JOURNAL, 2003, 24 (02): : 47 - 61
  • [14] WORLD TECHNOLOGY SHOCKS AND AGGREGATE FLUCTUATIONS
    Dupaigne, Martial
    Feve, Patrick
    REVUE ECONOMIQUE, 2005, 56 (03): : 745 - 754
  • [15] The Impact of Aggregate and Sectoral Fluctuations on Training Decisions
    Caponi, Vincenzo
    Kayahan, Burc
    Plesca, Miana
    B E JOURNAL OF MACROECONOMICS, 2010, 10 (01):
  • [16] SECTORAL VS AGGREGATE SHOCKS IN THE BUSINESS-CYCLE
    LONG, JB
    PLOSSER, CI
    AMERICAN ECONOMIC REVIEW, 1987, 77 (02): : 333 - 336
  • [17] MONOPOLISTIC COMPETITION, TECHNOLOGY SHOCKS, AND AGGREGATE FLUCTUATIONS
    DEVEREUX, MB
    HEAD, AC
    LAPHAM, BJ
    ECONOMICS LETTERS, 1993, 41 (01) : 57 - 61
  • [18] Menu Costs, Aggregate Fluctuations, and Large Shocks
    Karadi, Peter
    Reiff, Adam
    AMERICAN ECONOMIC JOURNAL-MACROECONOMICS, 2019, 11 (03) : 111 - 146
  • [19] Idiosyncratic shocks and aggregate fluctuations in an emerging market?
    Grigoli, Francesco
    Luttini, Emiliano
    Sandri, Damiano
    JOURNAL OF DEVELOPMENT ECONOMICS, 2023, 160
  • [20] Asset price fluctuations without aggregate shocks
    Azariadis, Costas
    Kaas, Leo
    JOURNAL OF ECONOMIC THEORY, 2007, 136 (01) : 126 - 143
12345