RT Report
T1 The role of adjusment costs in interest rate determination
A1 Novales Cinca, Alfonso Santiago
AB We study in this paper the equilibrium influence of adjustment costs of capital on interest rates determination. Considering endogenous interest rates in optimal capital accumulation models introduces nonlinearities which together with expectations of future variables make the model hard to analyze. We use here a solution method that has recently been preposed in the literature, to show that the model is able to reproduce some of the correlations among output, consumption, interest rates and capital that can be observed in actual time series data.
PB Facultad de Ciencias Económicas y Empresariales. Decanato
SN 2255-5471
YR 1986
FD 1986
LK https://hdl.handle.net/20.500.14352/65952
UL https://hdl.handle.net/20.500.14352/65952
LA eng
DS Docta Complutense
RD 10 abr 2025