Are structural VARs with long-run restrictions useful in developing business cycle theory?

A-Tier
Journal: Journal of Monetary Economics
Year: 2008
Volume: 55
Issue: 8
Pages: 1337-1352

Authors (3)

Chari, V.V. (not in RePEc) Kehoe, Patrick J. (Stanford University) McGrattan, Ellen R. (University of Minnesota)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

View Full Article View on IDEAS/RePEc

Abstract

No, unless technology shocks account for virtually all of the fluctuations in output.

Technical Details

RePEc Handle
repec:eee:moneco:v:55:y:2008:i:8:p:1337-1352
Journal Field
Macro
Author Count
3
Added to Database
2026-01-25