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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Tersman, Gunnar
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1992.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1992/109
Online Zugang:Full text available on IMF