DiCecio, Riccardo (contributor) - 2005
. Standard models cannot account for this phenomenon. This paper develops and estimates a two-sector dynamic general equilibrium … phenomenon. This paper develops and estimates a
two-sector dynamic general equilibrium model that can account for
this key …. The general equilibrium e�ect of technology
shocksonthenominalinterestrateisduetoanincreaseinthedesiredamount
of savings …