The name is absent



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. The Determinants of Individual Trade Policy Preferences: International Survey Evidence
2. Cross-Country Evidence on the Link between the Level of Infrastructure and Capital Inflows
3. A Rare Case Of Fallopian Tube Cancer
4. Lumpy Investment, Sectoral Propagation, and Business Cycles
5. The name is absent
6. A production model and maintenance planning model for the process industry
7. The WTO and the Cartagena Protocol: International Policy Coordination or Conflict?
8. Skill and work experience in the European knowledge economy
9. An alternative way to model merit good arguments
10. Licensing Schemes in Endogenous Entry