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A Capital Market in an Equilibrium Business Cycle Model

Robert J. Barro
Econometrica
Vol. 48, No. 6 (Sep., 1980), pp. 1393-1417
Published by: The Econometric Society
DOI: 10.2307/1912814
Stable URL: http://www.jstor.org/stable/1912814
Page Count: 25
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
A Capital Market in an Equilibrium Business Cycle Model
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Abstract

Previous equilibrium business cycle models are extended by the incorporation of an economy-wide capital market. This extension alters the information structure of these models and modifies the relative price variable that transmits money shocks to real variables. Monetary effects on nominal and real interest rates are a focus of the analysis.

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