The role of permanent and transitory components in business cycle volatility moderation
β Scribed by Oleg Korenok; Stanislav Radchenko
- Publisher
- Springer-Verlag
- Year
- 2006
- Tongue
- English
- Weight
- 288 KB
- Volume
- 31
- Category
- Article
- ISSN
- 0377-7332
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π SIMILAR VOLUMES
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
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