Preference shocks in an RBC model with intangible capital

被引：1
|
作者：
Malik, Kashif Zaheer [1 ]
Ali, Syed Zahid [1 ]
Imtiaz, Ali [2 ,3 ]
Aftab, Ammar [4 ]
机构：
[1] Lahore Univ Management Sci, Dept Econ, Lahore, Pakistan
[2] Bahria Univ, Management Sci, Islamabad, Pakistan
[3] Maastricht Univ, CLEL Fdn, Maastricht, Netherlands
[4] Texas A&M Univ, Dept Hlth Policy & Management, Sch Publ Hlth, College Stn, TX 77843 USA
来源：
COGENT ECONOMICS & FINANCE | 2019年 / 7卷 / 01期
关键词：
Intangible capital; real business cycle; preference; demand shocks; BUSINESS-CYCLE; TECHNOLOGY SHOCKS;
D O I：
10.1080/23322039.2019.1586621
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we develop and simulate an RBC model that includes intangible capital as a third factor of production. We study the effects of intra-temporal preference shocks on economic aggregates, employing the undetermined coefficient method of to solve the model. Impulse response functions to preference shocks reveal that demand-side shocks are important in explaining the variations in macroeconomic aggregates.
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页数：14
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