MARC Record from Library of Congress

LEADER: 02004cam a22003017a 4500
001 2005616811
003 DLC
005 20050225171511.0
007 cr |||||||||||
008 050225s2004 gau sb f000 0 eng
010 $a 2005616811
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aFernández-Villaverde, Jesús.
245 10 $aOn the solution of the growth model with investment-specific technological change$h[electronic resource] /$cJesús Fernández-Villaverde and Juan Francisco Rubio-Ramírez.
260 $a[Atlanta, Ga.] :$bFederal Reserve Bank of Atlanta,$c[2004]
490 1 $aWorking paper series / Federal Reserve Bank of Atlanta ;$v2004-39
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 2/25/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Recent work by Greenwood, Hercowitz, and Krusell (1997 and 2000) and Fisher (2003) has emphasized the importance of investment-specific technological change as a main driving force behind long-run growth and the business cycle. This paper shows how the growth model with investment-specific technological change has a closed-form solution if capital fully depreciates. This solution furthers our understanding of the model, and it constitutes a useful benchmark to check the accuracy of numerical procedures to solve dynamic macroeconomic models in cases with several state variables"--Federal Reserve Bank of Atlanta web site.
653 $aGrowth model with investment-specific technological change;$aclosed-form solution;$along-run growth;$abusiness cycle fluctuations
700 1 $aRubio-Ramírez, Juan Francisco.
710 2 $aFederal Reserve Bank of Atlanta.
830 0 $aWorking paper series (Federal Reserve Bank of Atlanta : Online) ;$v2004-39.
856 40 $uhttp://www.frbatlanta.org/invoke.cfm?objectid=6866F063-5056-B72C-D652D8CFA36D1AD2&method=display