26
PEDRO PABLO ALVAREZ LOIS
TABLE 1: CALIBRATION
|
Consumption∕leisure share |
7 0.35 |
|
Risk Aversion |
σ 2 |
|
Intertemporal discount rate |
β (1.03)^ |
|
Capital share |
a 0.3485 |
|
Depreciation rate |
δ 0.018 |
|
Fixed costs |
Φ 0.1057 |
|
Autocorrelation monetary shock |
px 0.32 |
|
Standard deviation monetary shock |
σx 0.0038 |
|
Mean monetary shock |
x 0.016 |
TABLE 2: STEADY STATE PROPERTIES
Low Capacity:
σ2 = 1.75, e = 4.85
High Capacity:
σ≡ = 0.25, e = 15
|
Output |
У . |
0.87 |
1.23 |
|
Investment |
δκ∕y |
0.17 |
0.30 |
|
Consumption |
C |
0.59 |
0.83 |
|
Capital |
K |
9.48 |
16.70 |
|
Capital-Labor |
X |
20.24 |
50.49 |
|
Labor |
L |
0.32 |
0.32 |
|
Capital∕output |
κ∕y |
10.88 |
13.49 |
|
Consumption/Output |
c∕y |
0.69 |
0.67 |
|
Leisure-Labor Ratio |
(1-L)∕L |
2.11 |
2.16 |
|
Mark-up |
Mk - up |
1.93 |
1.65 |
|
Monopolistic profits |
МР/У |
0.48 |
0.13 |
|
Deposits |
D∕M |
0.67 |
0.85 |
|
Price Relation |
P∕F |
0.87 |
0.96 |
|
Firms Full Capacity |
F(p) |
0.39 |
0.60 |
|
Capacity utilization |
C |
0.65 |
0.95 |
More intriguing information
1. Nurses' retention and hospital characteristics in New South Wales, CHERE Discussion Paper No 522. The name is absent
3. Types of Tax Concessions for Promoting Investment in Free Economic and Trade Areas
4. Existentialism: a Philosophy of Hope or Despair?
5. TLRP: academic challenges for moral purposes
6. A Rare Case Of Fallopian Tube Cancer
7. Life is an Adventure! An agent-based reconciliation of narrative and scientific worldviews
8. A simple enquiry on heterogeneous lending rates and lending behaviour
9. The name is absent
10. The name is absent