Wen, Yi (contributor) - 2005
technology shock process driving the
model. Using a standard RBC model, Campbell (1994) studied the macroeconomic effects of the …(0,0) in terms of the technology shock. Therefore, the
model dynamics mimic those of the input. In what follows, I … is given by y
t
=A
t
k
t
α
N
(1-α)
, where y
t
is output, A
t
is a technology shock, k
t
is capital
input; (3) The …