Replication data for: Risk Shocks
收藏ICPSR2014-01-01 更新2026-04-16 收录
下载链接：
https://www.openicpsr.org/openicpsr/project/112728/version/V1/view?path=/openicpsr/112728/fcr:versions/V1/cmrfiles/readme&type=folder
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资源简介：
We augment a standard monetary dynamic general equilibrium model to include a Bernanke-Gertler-Gilchrist financial accelerator mechanism. We fit the model to US data, allowing the volatility of cross-sectional idiosyncratic uncertainty to fluctuate over time. We refer to this measure of volatility as risk. We find that fluctuations in risk are the most important shock driving the business cycle.
创建时间：
2014-01-01
