The role of investment wedges in the Carlstrom-Fuerst economy and business cycle accounting

被引:3
|
作者
Inaba, Masaru [1 ]
Nutahara, Kengo [1 ]
机构
[1] Senshu Univ, Dept Econ, Tokyo, Japan
关键词
Business cycle accounting; Investment wedge;
D O I
10.1016/j.econlet.2009.07.011
中图分类号
F [经济];
学科分类号
02 ;
摘要
We apply business cycle accounting (BCA) to data generated by a representative model with investment wedges. Based on our findings. the criteria of BCA lead us to conclude that models with investment wedges are not promising for modeling business cycles. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:200 / 203
页数:4
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