Consumer durables and the business cycle

Detalhes bibliográficos
Autor(a) principal: Leão, E. R.
Data de Publicação: 2008
Outros Autores: Leão, P. R.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/3214
Resumo: In this paper, we examine the effect of improving the quality of the consumer durables on the general equilibrium of a perfectly competitive economy. Our most interesting finding is that when such an improvement occurs, the percentage response of the labour supply is higher than the percentage response of real output. This is interesting because one of the main shortcomings of standard Real Business Cycle models is that they tend to generate a response of work hours much weaker than the response of real output.
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spelling Consumer durables and the business cycleDynamic general equilibriumBusiness cycleConsumer durablesLabour supplyIn this paper, we examine the effect of improving the quality of the consumer durables on the general equilibrium of a perfectly competitive economy. Our most interesting finding is that when such an improvement occurs, the percentage response of the labour supply is higher than the percentage response of real output. This is interesting because one of the main shortcomings of standard Real Business Cycle models is that they tend to generate a response of work hours much weaker than the response of real output.DINÂMIA2012-02-06T17:53:58Z2008-09-01T00:00:00Z2008-09info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/3214engLeão, E. R.Leão, P. R.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:44:48Zoai:repositorio.iscte-iul.pt:10071/3214Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:21:18.821593Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Consumer durables and the business cycle
title Consumer durables and the business cycle
spellingShingle Consumer durables and the business cycle
Leão, E. R.
Dynamic general equilibrium
Business cycle
Consumer durables
Labour supply
title_short Consumer durables and the business cycle
title_full Consumer durables and the business cycle
title_fullStr Consumer durables and the business cycle
title_full_unstemmed Consumer durables and the business cycle
title_sort Consumer durables and the business cycle
author Leão, E. R.
author_facet Leão, E. R.
Leão, P. R.
author_role author
author2 Leão, P. R.
author2_role author
dc.contributor.author.fl_str_mv Leão, E. R.
Leão, P. R.
dc.subject.por.fl_str_mv Dynamic general equilibrium
Business cycle
Consumer durables
Labour supply
topic Dynamic general equilibrium
Business cycle
Consumer durables
Labour supply
description In this paper, we examine the effect of improving the quality of the consumer durables on the general equilibrium of a perfectly competitive economy. Our most interesting finding is that when such an improvement occurs, the percentage response of the labour supply is higher than the percentage response of real output. This is interesting because one of the main shortcomings of standard Real Business Cycle models is that they tend to generate a response of work hours much weaker than the response of real output.
publishDate 2008
dc.date.none.fl_str_mv 2008-09-01T00:00:00Z
2008-09
2012-02-06T17:53:58Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/3214
url http://hdl.handle.net/10071/3214
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv DINÂMIA
publisher.none.fl_str_mv DINÂMIA
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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institution RCAAP
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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