An application of business cycle accounting with misspecified wedges

It is often assumed that wedges evolve according to VAR(1) in the applications of business cycle accounting (BCA). However, recent research finds that the wedges have no VAR(1) representation in many dynamic stochastic general equilibrium (DSGE) economies, and that there might be a misspecification...

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Bibliographic details
Volume: 15
Main Author: Nutahara, Kengo
Inaba, Masaru
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: SAN DIEGO Elsevier Inc 01.04.2012
ACADEMIC PRESS INC ELSEVIER SCIENCE
Elsevier B.V
published in: Review of economic dynamics Vol. 15; no. 2; pp. 265 - 269
Data of publication: April 2012
ISSN: 1094-2025
1096-6099
EISSN: 1096-6099
Discipline: Economics
Subjects:
E10
E32
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2012
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Web of Science
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