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Are structural VARs with long-run restrictions useful in developing business cycle theory?

Article ID Journal Published Year Pages File Type
967160 Journal of Monetary Economics 2008 16 Pages PDF
Abstract
No, unless technology shocks account for virtually all of the fluctuations in output.
Keywords
C32E32C51E13E37Vector autoregressionsTechnology shocksImpulse responseReal Business Cycle
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Are structural VARs with long-run restrictions useful in developing business cycle theory?
Authors
V.V. Chari, Patrick J. Kehoe, Ellen R. McGrattan,
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Journal
Journal of Monetary Economics
Journal: Journal of Monetary Economics
Related Categories
C32
E32
C51
E13
E37
Vector autoregressions
Technology shocks
Impulse response
Real Business Cycle
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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