Great Ratios, Balanced Growth and Stochastic Trends: Evidence for the Euro Area

Following Kydland and Prescott's (1982) seminal paper, a key question that has been debated widely remains, `Are business cycles mainly the result of permanent shocks to productivity?' This paper attempts to answer this question in the context of the Euro area economy as a whole, given cur...

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Bibliographic details
Main Author: Rafiq, M. Sohrab
Format: Paper
Language: English
Place of publication: 01.11.2006
Related: Department of Economics, Loughborough University
Data of publication: 2006/11
Series: Discussion Paper Series
Subjects:
Online Access: available in Bonn?
Database: RePEc
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