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

被引:116
作者
Chari, V. V. [1 ,2 ]
Kehoe, Patrick J. [1 ,2 ]
McGrattan, Ellen R. [1 ,2 ]
机构
[1] Fed Reserve Bank Minneapolis, Minneapolis, MN 55401 USA
[2] Univ Minnesota, Minneapolis, MN 55455 USA
基金
美国国家科学基金会;
关键词
Vector autoregressions; Technology shocks; Real business cycle; Impulse response;
D O I
10.1016/j.jmoneco.2008.09.010
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
No, unless technology shocks account for virtually all of the fluctuations in output. (C) 2008 Published by Elsevier B.V.
引用
收藏
页码:1337 / 1352
页数:16
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