What do interest rates reveal about the functioning of real business cycle models ?

DOI10.1016/0165-1889(95)00916-7zbMath0875.90151OpenAlexW2127280419MaRDI QIDQ671549

Alain Guay, Paul Beaudry

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(95)00916-7

zbMATH Keywords

Adjustment costsBusiness cyclesHabit formationInterest rates

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (6)

Indirect inference and calibration of dynamic stochastic general equilibrium models ⋮ The term structure of interest rates in real and monetary economies ⋮ Can world real interest rates explain business cycles in a small open economy? ⋮ Structural shocks and the comovements between output and interest rates ⋮ Comparing DSGE-VAR forecasting models: how big are the differences? ⋮ Functional equivalence between intertemporal and multisectoral investment adjustment costs

Cites Work

• Testing the null hypothesis of stationarity against the alternative of a unit root. How sure are we that economic time series have a unit root?
• On the term structure of interest rates
• Real business-cycle theory. Wisdom or whimsy?
• Equilibrium interest-rate determination under adjustment costs
• Low frequency filtering and real business cycles
• Production, growth and business cycles: Technical appendix
• A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
• Time to Build and Aggregate Fluctuations
• An Improved Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator
• An Empirical Investigation of Asset Pricing with Temporally Dependent Preference Specifications
• A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice under Uncertainty

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