The role of investment wedges in the Carlstrom-Fuerst economy and business cycle accounting
Masaru Inaba and
Economics Letters, 2009, vol. 105, issue 3, 200-203
We apply business cycle accounting (BCA) to data generated by a representative model with investment wedges. Based on our findings, the criteria of BCA lead us to conclude that models with investment wedges are not promising for modeling business cycles.
Keywords: Business; cycle; accounting; Investment; wedge (search for similar items in EconPapers)
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Working Paper: The Role of Investment Wedges in the Carlstrom-Fuerst Economy and Business Cycle Accounting (2009)
Working Paper: The Role of Investment Wedges in the Carlstrom-Fuerst Economy and Business Cycle Accounting (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:3:p:200-203
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