Business cycle accounting;
Model consistent expectations;
D O I:
10.1016/j.econlet.2010.09.014
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
We discuss how to consistently model wedges in Business Cycle Accounting as introduced by Chari et al. (2007), characterize the class of models which are equivalent to the benchmark RBC model and discuss means to enlarge this class of models. (C) 2010 Elsevier B.V. All rights reserved.