نتایج جستجو برای: prescott equation
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The past year has been incredibly challenging. That sentence seems so simple and oversimplified. Yet, it is the elephant in room that we have to acknowledge all aspects of life these days. It easiest way summarize our lives since last gathered for a Prescott Lecture. For many us, year’s American Pharmacists Association Annual Meeting was first virtual meeting experience. We did not know would b...
M T Kearney, K A A Fox, A J Lee, W P Brooksby, A M Shah, A Flapan, R J Prescott, R Andrews, P D Batin, D L Eckberg, N Gall, A G Zaman, H S Lindsay, J Nolan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
The Hodrick–Prescott (HP) filter is a commonly used tool in macroeconomics to obtain the HP trend of macroeconomic variable. In macroeconomics, difference between original series and this called ‘cyclical component’. article, we derive autocovariance function spectrum cyclical component that consists constant, linear time trend, unit root process, weakly stationary process. We show such depends...
The recent financial crisis has created a significant deviation between real world and existing business cycle theories. This paper follows the spirit of McGrattan and Prescott (2012) and reassesses this labor productivity puzzle by considering a real business cycle (RBC) model with R&D assets and organizational capital. It contributes to the literature in two ways. First, R&D assets and organi...
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