Title of article
Business cyclemeasurementwithsometheory
Author/Authors
Fabio Canova، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
17
From page
345
To page
361
Abstract
A methodtoevaluatecyclicalmodelsnotrequiringknowledgeoftheDGPandtheexact
specificationoftheaggregatedecisionrulesisproposed.Wederiverobustrestrictions
in aclassofmodels;usesometoidentifystructuralshocksinthedataandothersto
evaluatetheclassorcontrastsub-models.Theapproachhasgoodproperties,evenin
small samples,andwhentheclassofmodelsismisspecified.Themethodisusedtosort
out therelevanceofacertainfriction(thepresenceofrule-of-thumbconsumers)ina
standardclassofmodels
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846475
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