The Volatility of Consumption in a Simple General Equilibrium Model /

This paper studies the volatility of consumption relative to output in the context of a simple general equilibrium model of a small open economy subject to exogenous shocks in productivity. With infinite horizons and exogenous relative prices, the model generates variance estimates that are well abo...

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Bibliografiske detaljer
Hovedforfatter: Tersman, Gunnar
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1992.
Serier:IMF Working Papers; Working Paper ; No. 1992/109
Online adgang:Full text available on IMF