Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099714 | Journal of Economic Dynamics and Control | 2006 | 29 Pages |
Abstract
We find that Schumpeterian fluctuations alone can generate time series that match key moments from U.S. data. We also find, however, that a model with both Schumpeterian and standard RBC shocks performs better.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Kerk L. Phillips, Jeff Wrase,