Statistical nonlinearities in the business cycle: a challenge for the canonical RBC model

DOI10.1016/J.JEDC.2006.09.012MaRDI QIDQ1027404zbMATH OpenOpenAlexFDO

Authors Diego Valderrama

Publication date 1 July 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.frbsf.org/economic-research/files/wp02-13bk.pdf

zbMATH Keywords

nonlinearefficient method of momentsreal business cycles

Mathematics Subject Classification ID

General nonlinear regression (62J02) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic time series analysis (91B84)

Recommendations

• Chapter 3 The Importance of Nonlinearity in Reproducing Business Cycle Features
• Reproducing business cycle features: are nonlinear dynamics a proxy for multivariate information?
• Business cycle asymmetries and non-linearities in U.K. macroeconomic time series
• SEARCHING FOR ENDOGENOUS BUSINESS CYCLES IN THE U.S. POSTWAR ECONOMY
• A nonlinear model of the business cycle

Cites work

• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• A Test for Normality of Observations and Regression Residuals
• A flexible specification of adjustment costs in dynamic factor demand models
• A nonlinear time series workshop. A toolkit for detecting and identifying nonlinear serial dependence
• ARE TECHNOLOGY SHOCKS NONLINEAR?
• Cross-validated SNP density estimates
• Dynamic Equilibrium Economies: A Framework for Comparing Models and Data
• Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach
• Linear Versus Nonlinear Macroeconomies: A Statistical Test
• Nonlinear Dynamic Structures
• Nonparametric estimation of structural models for high-frequency currency market data
• Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models
• Semi-Nonparametric Maximum Likelihood Estimation
• Seminonparametric Estimation of Conditionally Constrained Heterogeneous Processes: Asset Pricing Applications
• Time to Build and Aggregate Fluctuations

Cited in

(6)

• Identifying Nonlinear Components by Random Fields in the US GNP Growth. Implications for the Shape of the Business Cycle
• Nonlinearity, cyclicity, and persistence in consumption and income relationships: research in honor of Melvin J. Hinich
• Business cycles. Fact, fallacy and fantasy.
• Reproducing business cycle features: are nonlinear dynamics a proxy for multivariate information?
• A non-linear Keynesian Goodwin-type endogenous model of the cycle: Bayesian evidence for the USA
• Chapter 3 The Importance of Nonlinearity in Reproducing Business Cycle Features

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