Maximum likelihood in the frequency domain: the importance of time-to-plan

Lawrence Christiano () and Robert John Vigfusson ()

No 106, Working Paper from Federal Reserve Bank of Cleveland

Abstract: The authors illustrate the use of various frequency-domain tools for estimating and testing dynamic, stochastic, general-equilibrium models. Their substantive results confirm other findings that suggest that time-to-plan in investment technology has a potentially useful role to play in business-cycle models.

Keywords: Business; cycles (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm and nep-ets
Date: 2001
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Journal Article: Maximum likelihood in the frequency domain: the importance of time-to-plan (2003)
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