IMPULSE DYNAMICS AND PROPAGATION MECHANISMS IN A REAL BUSINESS-CYCLE MODEL

被引：20

作者：

COGLEY, T ^{[1
]}

NASON, JM ^{[1
]}

机构：

[1] UNIV BRITISH COLUMBIA,DEPT ECON,BRITISH COLUMBIA V6T 1Z1,BC,CANADA

来源：

ECONOMICS LETTERS | 1993年 / 43卷 / 01期

关键词：

D O I：

10.1016/0165-1765(93)90138-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In a typical real business cycle model, we find that output dynamics are determined primarily by impulse dynamics and that endogenous propagation mechanisms are weak. Consequently, the model must rely on external sources of dynamics in order to replicate the univariate dynamics of U.S. per capita GNP.

引用

页码：77 / 81

页数：5

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