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A note on hump-shaped output in the RBC model

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  • Daichi Shirai

Abstract

This note shows that a standard real business cycle model with a specific parameter range can weakly generate a hump-shaped output response output to productivity shocks. This result requires only that the technology shocks are nearly random walk.

Suggested Citation

  • Daichi Shirai, 2014. "A note on hump-shaped output in the RBC model," CIGS Working Paper Series 14-009E, The Canon Institute for Global Studies.
    • Handle: RePEc:cnn:wpaper:14-009e
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    Cited by:

    1. Shirai, Daichi, 2016. "Persistence and Amplification of Financial Frictions," MPRA Paper 72187, University Library of Munich, Germany.

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