Fahr, Stephan; Yao, Fang - 2009
aggregate output, investment and labour in an otherwise standard real business cycle model. Lumpy capital leaves the RBC mainly … element in accounting for these differences. -- Lumpy labor adjustment ; Lumpy investment ; Business cycles ; Elasticity of …, and S. T. Rebelo (1988), Production, growth and business
cycles: 2. new directions, Journal of Monetary Economics, 21 …