Edge, Rochelle M.; Laubach, Thomas; Williams, John C. - 2004
in the context of
a dynamic general equilibrium model the consequences of gradual real-time learning
on the responses to … extensive literature has studied the e ects of shocks to the level of productivity in
dynamic general equilibrium models … trend growth rate in a standard optimization-based dynamic
general equilibrium model. Following on the results of Cummins …