𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Common cycles and the importance of transitory shocks to macroeconomic aggregates

✍ Scribed by João Victor Issler; Farshid Vahid

Book ID
114220557
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
297 KB
Volume
47
Category
Article
ISSN
0304-3932

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Understanding the importance of permanen
Understanding the importance of permanent and transitory shocks at business cycle horizons for the UK
✍ Paresh Kumar Narayan 📂 Article 📅 2008 🏛 Elsevier Science 🌐 English ⚖ 466 KB

The goal of this paper is to examine the relative importance of permanent and transitory shocks in explaining variations in macroeconomic aggregates for the UK at business cycle horizons. Using the common trend-common cycle restrictions, we estimate a variance decomposition of shocks, and find that