Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
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The central finding of the recent structural vector autoregression (SVAR) literature with a differenced specification of hours is that technology shocks lead to a fall in hours. Researchers have used this finding to argue that real business cycle models are unpromising. We subject this SVAR
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美国国家经济研究局创建时间：
2008-10-01
