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...
Saved in:
| Volume: | 15 |
|---|---|
| Main Author: |
Inaba, Masaru
Nutahara, Kengo |
| Format: | Journal Article |
| Language: | English |
| Place of publication: |
Elsevier for the Society for Economic Dynamics 2012 |
| published in: | Review of Economic Dynamics Vol. 15; no. 2; pp. 265 - 269 |
| Data of publication: | 2012 |
| Series: |
Review of Economic Dynamics |
| Subjects: | |
| Online Access: | available in Bonn? |
| Database: | RePEc RePEc IDEAS Database information Databases - DBIS |