Data and Code for: Business Cycle Anatomy
收藏ICPSR2020-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/118082/version/V1/view?path=/openicpsr/118082/fcr:versions/V1/empirics_main_text/.ipynb_checkpoints/benchmark_var_tfp_prcmp-checkpoint.ipynb&type=file
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资源简介：
We propose a new strategy for dissecting the macroeconomic time series, provide a template for the business-cycle propagation mech- anism that best describes the data, and use its properties to ap- praise models of both the parsimonious and the medium-scale va- riety. 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.<br><br>
提供机构：
MIT; University of Bern; Toulouse School of Economics
创建时间：
2020-01-01
