Detrending and business cycle facts: A comment

Journal of Monetary Economics - Tập 41 - Trang 513-532 - 1998
Craig Burnside1
1The World Bank, N11-055, 1818 H Street NW, Washington, DC 20433, USA

Tài liệu tham khảo

Baxter, M., King, R.G., 1995. Measuring business cycles: approximate band-pass filters for economic time series, NBER Working Paper No. 5022. Burnside, C., Eichenbaum, M., 1996a. Small sample properties of GMM based Wald tests. Journal of Business and Economic Statistics 14 294–308. Burnside, C., Eichenbaum, M., 1996b. Factor-hoarding and the propagation of business-cycle shocks. American Economic Review 86 1154–1174. Burnside, 1993, Labor hoarding and the business cycle, Journal of Political Economy, 101, 245, 10.1086/261875 Canova, 1997, Detrending and business cycle facts, Journal of Monetary Economics, 00, 000 Christiano, 1988, Why does inventory investment fluctuate so much?, Journal of Monetary Economics, 21, 247, 10.1016/0304-3932(88)90032-3 Christiano, 1992, Current real-business-cycle theories and aggregate labor market fluctuations, American Economic Review, 82, 430 Cogley, 1995, Output dynamics in real-business-cycle models, American Economic Review, 85, 492 Hansen, 1982, Large sample properties of generalized method of moments estimators, Econometrica, 50, 1029, 10.2307/1912775 Hodrick, 1997, Postwar U.S. business cycles: an empirical investigation, Journal of Money, Credit and Banking, 29, 1, 10.2307/2953682 King, 1991, Stochastic trends and economic fluctuations, American Economic Review, 81, 819 King, 1993, Low frequency filtering and real business cycles, Journal of Economic Dynamics and Control, 17, 207, 10.1016/S0165-1889(06)80010-2 McGrattan, 1994, The macroeconomic effects of distortionary taxation, Journal of Monetary Economics, 33, 573, 10.1016/0304-3932(94)90044-2 Sargent, T., 1987. Macroeconomic Theory, 2nd ed., Academic Press, San Diego, CA. Sargent, 1989, Two models of measurements and the investment accelerator, Journal of Political Economy, 97, 251, 10.1086/261603 Singleton, 1988, Econometric issues in the analysis of equilibrium business cycle models, Journal of Monetary Economics, 21, 361, 10.1016/0304-3932(88)90036-0