메뉴 건너뛰기




Volumn 32, Issue 1, 2007, Pages 13-41

Is dynamic general equilibrium a theory of everything?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 34247362849     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-006-0167-6     Document Type: Conference Paper
Times cited : (15)

References (62)
  • 1
    • 0000367928 scopus 로고
    • A model of growth through creative destruction
    • Aghion, P., Howitt, P: A model of growth through creative destruction. Econometrica 60, 323-351 (1992)
    • (1992) Econometrica , vol.60 , pp. 323-351
    • Aghion, P.1    Howitt, P.2
  • 2
    • 21844504524 scopus 로고
    • Uninsurable idiosyncratic risk and aggregate saving
    • Aiyagari, R.: Uninsurable idiosyncratic risk and aggregate saving. Q J Econ 109. 659-684 (1994)
    • (1994) Q J Econ , vol.109 , pp. 659-684
    • Aiyagari, R.1
  • 3
    • 0001393537 scopus 로고    scopus 로고
    • Efficiency, equilibrium and asset picing with risk of default
    • Alvarez, F., Jermann, U.: Efficiency, equilibrium and asset picing with risk of default. Econometrica 68, 775-797 (2000)
    • (2000) Econometrica , vol.68 , pp. 775-797
    • Alvarez, F.1    Jermann, U.2
  • 4
    • 33747774838 scopus 로고    scopus 로고
    • Idiosyncratic production risk, growth and the business cycle
    • Angeletos, M., Calvet, L.: Idiosyncratic production risk, growth and the business cycle. J Monet Econ 53, 1095-1116 (2006)
    • (2006) J Monet Econ , vol.53 , pp. 1095-1116
    • Angeletos, M.1    Calvet, L.2
  • 6
    • 54049156824 scopus 로고    scopus 로고
    • The theory of poverty traps: What have we learned?
    • Chap 2 Bowles, S, Durlauf, S, Hoff, K, eds, Princeton: Princeton University Press
    • Azariadis, C.: The theory of poverty traps: What have we learned? In: Poverty Traps, Chap 2 Bowles, S., Durlauf, S., Hoff, K. (eds.) Princeton: Princeton University Press (2005)
    • (2005) Poverty Traps
    • Azariadis, C.1
  • 7
    • 10144244633 scopus 로고    scopus 로고
    • Trend-reverting fluctuations in the life-cycle model
    • Azariadis, C., Bullard, J., Ohanian, L.: Trend-reverting fluctuations in the life-cycle model. J Econ Theory 119, 334-356 (2004)
    • (2004) J Econ Theory , vol.119 , pp. 334-356
    • Azariadis, C.1    Bullard, J.2    Ohanian, L.3
  • 11
    • 0001955946 scopus 로고
    • Indeterminacy and increasing returns
    • Benhabib, J., Farmer, R.: Indeterminacy and increasing returns J Econ Theory 63, 19-41 (1994)
    • (1994) J Econ Theory , vol.63 , pp. 19-41
    • Benhabib, J.1    Farmer, R.2
  • 12
    • 34247349487 scopus 로고
    • Dynamic implications of the form of the budget constraint
    • Sonnenschein, H, ed, Berlin Heidelberg New York
    • Bewley, T.: Dynamic implications of the form of the budget constraint. In: Sonnenschein, H., (ed.) Models of Dynamic Economies Springer, Berlin Heidelberg New York (1986)
    • (1986) Models of Dynamic Economies Springer
    • Bewley, T.1
  • 13
    • 0035628153 scopus 로고    scopus 로고
    • The long and large decline in US output volatility
    • Blanchard, O., Simon, J.: The long and large decline in US output volatility. Brook Pap Econ Activ, 1, 135-164 (2001)
    • (2001) Brook Pap Econ Activ , vol.1 , pp. 135-164
    • Blanchard, O.1    Simon, J.2
  • 14
    • 0009713512 scopus 로고
    • An intertemporal asset pricing model with stochastic consumption and investment opportunities
    • Breeden, D.: An intertemporal asset pricing model with stochastic consumption and investment opportunities. J Financ Econ 7, 265-296 (1979)
    • (1979) J Financ Econ , vol.7 , pp. 265-296
    • Breeden, D.1
  • 15
    • 49649139611 scopus 로고
    • Optimal economic growth and uncertainty: The discounted case
    • Brock, W., Mirman, L.: Optimal economic growth and uncertainty: the discounted case. J Econ Theory 4, 479-513 (1972)
    • (1972) J Econ Theory , vol.4 , pp. 479-513
    • Brock, W.1    Mirman, L.2
  • 16
    • 0000267572 scopus 로고
    • Learning equilibria
    • Bullard, J.: Learning equilibria. J Econ Theory 64, 468-485 (1994)
    • (1994) J Econ Theory , vol.64 , pp. 468-485
    • Bullard, J.1
  • 17
    • 0002522316 scopus 로고
    • Sovereign debt: Is to forgive to forget?
    • Bulow, J., Rogoff K.: Sovereign debt: is to forgive to forget?. Am Econ Rev 79, 43-50 (1989)
    • (1989) Am Econ Rev , vol.79 , pp. 43-50
    • Bulow, J.1    Rogoff, K.2
  • 18
    • 48749143178 scopus 로고
    • Staggered prices in a utility maximizing framework
    • Calvo, G.: Staggered prices in a utility maximizing framework. J Monet Econ 12, 383-398 (1983)
    • (1983) J Monet Econ , vol.12 , pp. 383-398
    • Calvo, G.1
  • 19
    • 0141970697 scopus 로고    scopus 로고
    • Consumption-based asset pricing
    • Constantinides, G, Harris, M, Stulz, R, eds, Elsevier B.V Amsterdam
    • Campbell, J.: Consumption-based asset pricing. In: Constantinides, G., Harris, M., Stulz, R. (eds.) Handbook of the Economics of Finance. Elsevier B.V Amsterdam (2003)
    • (2003) Handbook of the Economics of Finance
    • Campbell, J.1
  • 20
    • 0002519023 scopus 로고    scopus 로고
    • Have individual stocks become more volatile?
    • Campbell, J., Lettau, M., Malkiel, B., Xu, Y.: Have individual stocks become more volatile? J Fin 56, 1-43 (2001)
    • (2001) J Fin , vol.56 , pp. 1-43
    • Campbell, J.1    Lettau, M.2    Malkiel, B.3    Xu, Y.4
  • 21
    • 84962994478 scopus 로고
    • Optimum growth in an aggregative model of capital accumulation
    • Cass, D.: Optimum growth in an aggregative model of capital accumulation. Rev Econ Stud 32, 223-240 (1965)
    • (1965) Rev Econ Stud , vol.32 , pp. 223-240
    • Cass, D.1
  • 22
    • 70449089152 scopus 로고    scopus 로고
    • Monetary policy shocks: What have we learned and to what end?
    • Taylor, J, Woodford, M, eds, Chap 2. Amsterdam: North-Holland
    • Christiano, L., Eichenbaum, M., Evans, C.: Monetary policy shocks: what have we learned and to what end? In: Taylor, J., Woodford, M. (eds.) Handbook of Monetary Economics, Chap 2. Amsterdam: North-Holland (1999)
    • (1999) Handbook of Monetary Economics
    • Christiano, L.1    Eichenbaum, M.2    Evans, C.3
  • 23
    • 0001534728 scopus 로고
    • Output dynamics in real business cycle models
    • Cogley, T., Nason, J.: Output dynamics in real business cycle models. Am Econ Rev 85, 492-511 (1995)
    • (1995) Am Econ Rev , vol.85 , pp. 492-511
    • Cogley, T.1    Nason, J.2
  • 25
    • 0036487664 scopus 로고    scopus 로고
    • Junior can't borrow: A new perspective on the equity premium puzzle
    • Constantinides, G., Donaldson, J., Mehra, R.: Junior can't borrow: a new perspective on the equity premium puzzle. Q J Econ 118, 269-296 (2002)
    • (2002) Q J Econ , vol.118 , pp. 269-296
    • Constantinides, G.1    Donaldson, J.2    Mehra, R.3
  • 26
    • 0001691088 scopus 로고    scopus 로고
    • Asset pricing with heterogeneous consumers
    • Constantinides, G., Duffie, D.: Asset pricing with heterogeneous consumers. J Polit Econ 104, 219-240 (1996)
    • (1996) J Polit Econ , vol.104 , pp. 219-240
    • Constantinides, G.1    Duffie, D.2
  • 28
    • 34247326409 scopus 로고    scopus 로고
    • Diaz-Jimenez, J., Quadrini, V., Rodriguez, S., Rios-Rull, V.: Updated facts on the US distribution of earnings, income and wealth. Q. Rev. Federal Reserve Bank Minneapolis 26, 2-35 (2002)
    • Diaz-Jimenez, J., Quadrini, V., Rodriguez, S., Rios-Rull, V.: Updated facts on the US distribution of earnings, income and wealth. Q. Rev. Federal Reserve Bank Minneapolis 26, 2-35 (2002)
  • 29
    • 84959777265 scopus 로고
    • Debt with potential repudiation: Theoretical and empirical analysis
    • Eaton, J., Gersovitz, M.: Debt with potential repudiation: theoretical and empirical analysis. Rev Econ Stud 48, 289-309 (1981)
    • (1981) Rev Econ Stud , vol.48 , pp. 289-309
    • Eaton, J.1    Gersovitz, M.2
  • 30
    • 33645921348 scopus 로고    scopus 로고
    • Capital reallocation and liquidity
    • Eisfeldt, A., Rampini A.: Capital reallocation and liquidity. J Monet Econ 53, 369-399 (2006)
    • (2006) J Monet Econ , vol.53 , pp. 369-399
    • Eisfeldt, A.1    Rampini, A.2
  • 32
    • 84926116347 scopus 로고    scopus 로고
    • Gali, J.: New perspectives on monetary policy, inflation, and the business cycle. In: Advances in Economics and Econometrics, 3. Dewatripont, M., Hansen, L., Turnovsky, S. Cambridge: Cambridge University Press (2003)
    • Gali, J.: New perspectives on monetary policy, inflation, and the business cycle. In: Advances in Economics and Econometrics, Vol. 3. Dewatripont, M., Hansen, L., Turnovsky, S. Cambridge: Cambridge University Press (2003)
  • 33
    • 0000994359 scopus 로고
    • Quality ladders and product cycles
    • Grossman, G., Helpman, E.: Quality ladders and product cycles. Q J Econ 106, 557-589 (1991)
    • (1991) Q J Econ , vol.106 , pp. 557-589
    • Grossman, G.1    Helpman, E.2
  • 34
    • 34247379821 scopus 로고    scopus 로고
    • Hayek, F.: Prices and Production. London: Routledge & Kegan Paul (1932) Investment Company Institute, Profile of Mutual Fund Shareholders, Washington, D.C (2004)
    • Hayek, F.: Prices and Production. London: Routledge & Kegan Paul (1932) Investment Company Institute, Profile of Mutual Fund Shareholders, Washington, D.C (2004)
  • 36
    • 0000737515 scopus 로고
    • Debt-constrained asset markets
    • Kehoe, T., Levine D.: Debt-constrained asset markets. Rev Econ Stud 60, 865-888 (1993)
    • (1993) Rev Econ Stud , vol.60 , pp. 865-888
    • Kehoe, T.1    Levine, D.2
  • 37
    • 0034985889 scopus 로고    scopus 로고
    • Liquidity-constrained versus debt-constrained asset markets
    • Kehoe, T., Levine D.: Liquidity-constrained versus debt-constrained asset markets. Econometrica 69, 575-598 (2001)
    • (2001) Econometrica , vol.69 , pp. 575-598
    • Kehoe, T.1    Levine, D.2
  • 38
    • 34247340056 scopus 로고    scopus 로고
    • King, R., Rebelo, S.: Resuscitating real business cycles. Handbook of Monetary Economics, Chap. 14. op.cit (1999)
    • King, R., Rebelo, S.: Resuscitating real business cycles. Handbook of Monetary Economics, Chap. 14. op.cit (1999)
  • 40
    • 0031498558 scopus 로고    scopus 로고
    • Economic growth: A review essay
    • Klenow, P., Rodriguez-Clare, A.: Economic growth: a review essay. J Monet Econ 40, 597-617 (1997)
    • (1997) J Monet Econ , vol.40 , pp. 597-617
    • Klenow, P.1    Rodriguez-Clare, A.2
  • 42
    • 0032451887 scopus 로고    scopus 로고
    • Income and wealth heterogeneity in the macroeconomy
    • Krusell, P., Smith, A.: Income and wealth heterogeneity in the macroeconomy. J Politi Econ 106, 867-896 (1998)
    • (1998) J Politi Econ , vol.106 , pp. 867-896
    • Krusell, P.1    Smith, A.2
  • 43
    • 0001519332 scopus 로고
    • Time to build and aggregate fluctuations
    • Kydland, F., Prescott, E.: Time to build and aggregate fluctuations. Econometrica 50, 1345-1371 (1982)
    • (1982) Econometrica , vol.50 , pp. 1345-1371
    • Kydland, F.1    Prescott, E.2
  • 44
    • 0012462939 scopus 로고    scopus 로고
    • Consumption, aggregate wealth and expected stock returns
    • Lettau, M., Ludvigson, S.: Consumption, aggregate wealth and expected stock returns. J Fin 56, 815-849 (2001)
    • (2001) J Fin , vol.56 , pp. 815-849
    • Lettau, M.1    Ludvigson, S.2
  • 45
    • 49649131398 scopus 로고
    • Expectations and the neutrality of money
    • Lucas, R.: Expectations and the neutrality of money. J Econ Theory 4, 103-124 (1972)
    • (1972) J Econ Theory , vol.4 , pp. 103-124
    • Lucas, R.1
  • 46
    • 0000150312 scopus 로고
    • Asset prices in an exchange economy
    • Lucas, R.: Asset prices in an exchange economy. Economertica 46, 1429-1445 (1978)
    • (1978) Economertica , vol.46 , pp. 1429-1445
    • Lucas, R.1
  • 47
    • 0002226230 scopus 로고
    • Optimal fiscal and monetary policy in an economy without capital
    • Lucas, R., Stokey, N.: Optimal fiscal and monetary policy in an economy without capital. J Monet Econ 12, 55-93 (1983)
    • (1983) J Monet Econ , vol.12 , pp. 55-93
    • Lucas, R.1    Stokey, N.2
  • 49
    • 0002874783 scopus 로고
    • The consumption of stockholders and non-stockholders
    • Mankiw, G., Zeldes, S.: The consumption of stockholders and non-stockholders. J Fin Econ 29, 97-112 (1991)
    • (1991) J Fin Econ , vol.29 , pp. 97-112
    • Mankiw, G.1    Zeldes, S.2
  • 50
    • 2942750298 scopus 로고    scopus 로고
    • Average debt and equity returns: Puzzling?
    • McGrattan, E., Prescott, E.: Average debt and equity returns: puzzling? Am Econ Rev 94, 392-397 (2003)
    • (2003) Am Econ Rev , vol.94 , pp. 392-397
    • McGrattan, E.1    Prescott, E.2
  • 51
    • 22144489469 scopus 로고    scopus 로고
    • Taxes, regulation, and the value of US and UK corporations
    • McGrattan, E., Prescott, E.: Taxes, regulation, and the value of US and UK corporations. Rev Econ Stud 72, 767-796 (2005)
    • (2005) Rev Econ Stud , vol.72 , pp. 767-796
    • McGrattan, E.1    Prescott, E.2
  • 52
    • 46549099071 scopus 로고
    • The equity premium: A puzzle
    • Mehra, R., Prescott E.: The equity premium: a puzzle. J Monet Econ 15, 145-161 (1985)
    • (1985) J Monet Econ , vol.15 , pp. 145-161
    • Mehra, R.1    Prescott, E.2
  • 55
    • 0039758275 scopus 로고    scopus 로고
    • Needed: A theory of total factor productivity
    • Prescott, E.: Needed: A theory of total factor productivity. Int Econ Rev 39, 525-552 (1998)
    • (1998) Int Econ Rev , vol.39 , pp. 525-552
    • Prescott, E.1
  • 56
    • 0000575845 scopus 로고
    • Cross-country evidence on the link between volatility and growth
    • Ramey, G., Ramey, V.: Cross-country evidence on the link between volatility and growth. Am Econ Rev 85, 1138-1151 (1995)
    • (1995) Am Econ Rev , vol.85 , pp. 1138-1151
    • Ramey, G.1    Ramey, V.2
  • 57
    • 84939612838 scopus 로고
    • Monopolistic price adjustment and aggregate output
    • Rotemberg, J.: Monopolistic price adjustment and aggregate output. Rev Econ Stud 49, 517-31 (1982)
    • (1982) Rev Econ Stud , vol.49 , pp. 517-531
    • Rotemberg, J.1
  • 58
    • 84959849294 scopus 로고
    • A contribution to the theory of economic growth
    • Solow, R.: A contribution to the theory of economic growth. Q J Econ 70, 65-94 (1956)
    • (1956) Q J Econ , vol.70 , pp. 65-94
    • Solow, R.1
  • 60
    • 1642600836 scopus 로고    scopus 로고
    • Cyclical dynamics with idiosyncratic labor market risk
    • Storesletten, K., Telmer, C., Yaron, A.: Cyclical dynamics with idiosyncratic labor market risk. J Polit Econ 112, 695-717 (2004)
    • (2004) J Polit Econ , vol.112 , pp. 695-717
    • Storesletten, K.1    Telmer, C.2    Yaron, A.3
  • 62
    • 84884050052 scopus 로고    scopus 로고
    • Princeton: Princeton University Press
    • Woodford, M.: Interest and Prices. Princeton: Princeton University Press (2003)
    • (2003) Interest and Prices
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.