Comments on Farmer and Guo's \\"the econometrics of indeterminacy: an applied study.\\"

S. Aiyagari

No 196, Staff Report from Federal Reserve Bank of Minneapolis

Abstract: I argue that Farmer and Guo's one-sector real business cycle model with indeterminacy and sunspots fails empirically and that its failure is inherent in the logic of the model taken together with some simple labor market facts.

Keywords: Econometric models; Business cycles (search for similar items in EconPapers)
Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.minneapolisfed.org/research/sr/sr196.pdf Full Text (application/pdf)

Related works:
Working Paper: Comments on Farmer and Guo's \"The econometrics of indeterminacy: an applied study.\" (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmsr:196

Access Statistics for this paper

More papers in Staff Report from Federal Reserve Bank of Minneapolis Contact information at EDIRC.
Bibliographic data for series maintained by Kate Hansel ().