Article ID Journal Published Year Pages File Type
5061647 Economics Letters 2009 4 Pages PDF
Abstract
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.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The role of investment wedges in the Carlstrom-Fuerst economy and business cycle accounting
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