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
收藏
页码：1115 / 1131
页数：17
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