The role of investment wedges in the Carlstrom–Fuerst economy and business cycle accounting

We apply business cycle accounting (BCA) to data generated by a representative model with investment wedges. Based on our findings, the criteria of BCA lead us to conclude that models with investment wedges are not promising for modeling business cycles.

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Bibliographic details
Volume: 105
Main Author: Inaba, Masaru
Nutahara, Kengo
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: LAUSANNE Elsevier B.V 2009
ELSEVIER SCIENCE SA
Elsevier
published in: Economics letters Vol. 105; no. 3; pp. 200 - 203
Data of publication: 2009
ISSN: 0165-1765
1873-7374
EISSN: 1873-7374
Discipline: Economics
Series: Economics Letters
Subjects:
E32
E13
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2009
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