Home Production Meets Time to Build

By Paul Gomme, F. Kydland, Peter Rupert. Journal of Political Economy, 2001

134 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/845ceb268da453984634e855e29a85c356437ab6

Citations in the corpus

• Household Expenditures, Wages, Rents (2011, unknown): “For equation (14) to hold, if ci increases, hi must simultaneously decrease.”
• HOUSING DYNAMICS OVER THE BUSINESS CYCLE (2016, unknown): “…or sectoral productivity shocks in a multisector economy with input–output linkages (Davis and Heathcote, 2005) does not help resolve this issue.6 Gomme et al. (2001) and Fisher (2007) achieve partial success (through nonresidential time to build and production complementarities, respectively),…”
• Engines of Liberation (2002, unknown): “j=1 b wλω + φb wλωP j(λ)− b wqI(T (λ)) (r/γ)j−1 , (14)”
• Housing, Finance and the Macroeconomy (2014, unknown): “Relative to the classic results from the home-production literature such as Gomme, Kydland, and Rupert (2001), the model has great success replicating the fact that residential investment is about twice as volatile as non-residential investment.”
• Consumption Dynamics During Recessions (2014, unknown): “Why are durable expenditures and investment substantially too volatile in the models with no adjustment costs? It is because these models feature the comovement problem identi…ed in Greenwood and Hercowitz [1991] and further explored in Fisher [1997].”
• Macroeconomics and housing: a review of the literature (2004, unknown): “14 For instance, see Goulder (1989), Goulder and Summers (1989); Hendershott and Won (1992); and Skinner (1996a).”
• Why Does Household Investment Lead Business Investment over the Business Cycle? (2007, unknown): “The four-quarter case is considered by Kydland andJ p 1 q p 11 Prescott (1982) and Gomme et al. (2001).”
• Equilibrium Search Unemployment, Endogenous Participation, And Labor Market Flows (2005, unknown): “Notably, output volatility, the correlation between hours and productivity, and the correlation between investments in home and market capital (Benhabib, Rogerson, and Wright 1991; Rios-Rull 1993; McGrattan, Rogerson, and Wright 1992; Gomme, Kydland, and Rupert, 2001).”
• Theory, Measurement, and Calibration of Macroeconomic Models (2007, unknown): “In the home production literature it has become accepted wisdom that high capital income taxes must be included for the model to be consistent with various balanced growth facts; see Greenwood et al. (1995), Hornstein and Praschnik (1997), and Gomme et al. (2001), among others.”