This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Indeterminacy, Home Production, and the Business Cycle: a Calibrated Analysis

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Roberto Perli () (University of Pennsylvania, Dept. of Economic, 3718 Locust Walk Philadelphia, PA 19104)

Additional information is available for the following registered author(s):

Abstract

In this paper I present a business cycle model with one market sector that produces a standard good, and another that produces a non--market, or home, good. The model shows that business cycles can be driven only by self fulfilling expectations, although other shocks (e.g. to technology) may play a significant role as well. With respect to other models of this kind (e.g. Farmer and Guo [1994]) the model does not require an unconventional upward sloping aggregate labor demand. The presence of either productive externalities or market power is of course crucial, but their magnitude is sensibly smaller than in comparable models. The time series that are generated have properties that are comparable to the real U.S. postwar series.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.ssc.upenn.edu:80/~perlir/ibcrev.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.ssc.upenn.edu:80/~perlir/ibcrev.pdf [301 Moved Permanently]--> http://www.ssc.upenn.edu/~perlit/ibcrev.pdf). If this is indeed the case, please notify (Thomas Krichel)
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by University of Pennsylvania in its series Home Pages with number _042.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 14 Nov 1995
Date of revision:
Handle: RePEc:wop:pennhp:_042

Contact details of provider:
Postal: 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297
Phone: 215-898-7701
Fax: 215-573-2057
Email:
Web page: http://www.ssc.upenn.edu/econ/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).

Related research
Keywords:

Other versions of this item:

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.
Statistics
Access and download statistics

Did you know? Authors registered on the RePEc Author Service receive monthly emails with details about downloads and abstract views of their works.

This page was last updated on 2009-11-6.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.