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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w24875 |
来源ID | Working Paper 24875 |
Business Cycle Anatomy | |
George-Marios Angeletos; Fabrice Collard; Harris Dellas | |
发表日期 | 2018-07-30 |
出版年 | 2018 |
语种 | 英语 |
摘要 | We propose a new strategy for dissecting the macroeconomic time series, provide a template for the business-cycle propagation mechanism that best describes the data, and use its properties to appraise models of both the parsimonious and the medium-scale variety. Our findings support the existence of a main business-cycle driver but rule out the following candidates for this role: technology or other shocks that map to TFP movements; news about future productivity; and inflationary demand shocks of the textbook type. Models aimed at accommodating demand-driven cycles without a strict reliance on nominal rigidity appear promising. |
主题 | Macroeconomics ; Business Cycles |
URL | https://www.nber.org/papers/w24875 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582549 |
推荐引用方式 GB/T 7714 | George-Marios Angeletos,Fabrice Collard,Harris Dellas. Business Cycle Anatomy. 2018. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w24875.pdf(1411KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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