This paper uses maximum likelihood to estimate a prototypical real business cycle model under several di!erent assumptions regarding the stochastic process governing technological change. The estimation approach permits the use of formal statistical hypothesis tests to help discriminate between comp
โฆ LIBER โฆ
Technology shocks, structural breaks and the effects on the business cycle
โ Scribed by Vincenzo Atella; Marco Centoni; Gianluca Cubadda
- Book ID
- 116422034
- Publisher
- Elsevier Science
- Year
- 2008
- Tongue
- English
- Weight
- 178 KB
- Volume
- 100
- Category
- Article
- ISSN
- 0165-1765
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