Cyclical properties of a real business cycle model
作者:
Paul Söderlind,
期刊:
Journal of Applied Econometrics
(WILEY Available online 1994)
卷期:
Volume 9,
issue S1
页码: 113-122
ISSN:0883-7252
年代: 1994
DOI:10.1002/jae.3950090507
出版商: Wiley Subscription Services, Inc., A Wiley Company
数据来源: WILEY
摘要:
AbstractThis paper tests the well‐known real business cycle model of Kydland and Prescott (1988), using spectral methods for linear filters. Model spectra, coherencies, phase shifts, and correlations are tested against US post‐war data using both asymptotic and small‐sample distributions. Compared with the model, the data have shorter business cycles, smaller co‐movements of different macro variables, and less of a leading role for
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