Browsing MWP Working Papers by Subject "Business Cycle"

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Browsing MWP Working Papers by Subject "Business Cycle"

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    Title: The Role of Curvature in the Transformation Frontier for Measuring Technology Shocks  Author(s): MENNUNI, Alessandro Date: 2010-10-28 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: In the usual version of the neoclassical growth model used to identify neutral (N-Shock) and investment shocks (I-Shock), a linear transformation frontier between consumption and investment goods is assumed. This paper ...