Rule-of-thumb consumers, productivity and hours

Research English OPEN
Furlanetto, Francesco; Seneca, Martin;
  • Publisher: Danmarks Nationalbank Copenhagen
  • Subject: Konsumentenverhalten | Technischer Fortschritt | rule-of-thumb consumers | E32 | Real Business Cycle | productivity shocks | real rigidities | Produktivität | Arbeitszeit | Neukeynesianische Makroökonomik | Schock | nominal rigidities
    • ddc: ddc:330
    mesheuropmc: musculoskeletal diseases | body regions

In this paper we study the transmission mechanism of productivity shocks in a model with rule-of-thumb consumers. In the literature, this financial friction has been studied only with reference to fiscal shocks. We show that the presence of rule-of-thumb consumers is al... View more
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