Construct · 1 fields · 1 citations

time to build: a standalone construct

One name. One construct. A landmark on the map.

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time tobuild1 CONSTRUCTTime to buildKYDLAND · MACROECONOMICS

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Macroeconomics

the assumption that new capital takes several periods to complete, used to explain persistence in aggregate fluctuations.

In macroeconomics, time to build refers to the assumption that new capital takes several periods to complete, used to explain persistence in aggregate fluctuations. This meaning comes from Kydland (1982) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

calibration3 fields · 5 citationsjingle · one word, three constructsfluctuation4 fields · 7 citationsjingle · one word, four constructsshock3 fields · 3 citationsjingle · one word, three constructs

References

  1. Kydland, F. E., & Prescott, E. C. (1982). Time to Build and Aggregate Fluctuations. Econometrica, 50(6), 1345. https://doi.org/10.2307/1913386

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