A real business cycle model with government.

Title: A real business cycle model with government.
Identifier: AAI9405502
identifier: 9405502
Creator: Bonanomi, Laura.
Contributor: Adviser: Salih N. Neftci
Date: 1993
Language: English
Publisher: City University of New York.
Subject: Economics, General | Economics, Theory
Abstract: The purpose of this paper is to analyze the impact of an exogenous government sector on a traditional real business cycle model. Since an exact solution for the specified artificial economy does not exist, the model is calibrated and a linear-quadratic approximation around its steady state is considered. Linear decision rules for this approximated economy are then derived and utilized to simulate time paths for the relevant aggregate variables. The results will show that the presence of a government sector contributes to enhance the performance of the model, as measured by its ability to mimic the fluctuations observed from U.S. real time series.
Type: dissertation
Source: PQT Legacy CUNY.xlsx
degree: Ph.D.