Granger Causality and Equilibrium Business Cycle Theory
收藏ICPSR2007-01-01 更新2026-04-16 收录
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http://www.icpsr.umich.edu/icpsrweb/ICPSR/studies/1345
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资源简介：
Postwar United States data show that consumption growth 'Granger-causes' output and investment growth, which is puzzling if technology is the driving force of the business cycle. The author asks whether general equilibrium models with information frictions and non-technology shocks can rationalize the observed causal relationships. His conclusion is they cannot.
提供机构：
Federal Reserve Bank of St. Louis
创建时间：
2007-01-01
