Are structural VARs with long-run restrictions useful in developing business cycle theory?

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

Journal of Monetary Economics, 2008, vol. 55, issue 8, 1337-1352

Abstract: No, unless technology shocks account for virtually all of the fluctuations in output.

Keywords: Vector; autoregressions; Technology; shocks; Real; business; cycle; Impulse; response (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (210)

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Related works:
Working Paper: Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory? (2008)
Working Paper: Are structural VARs with long-run restrictions useful in developing business cycle theory? (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:55:y:2008:i:8:p:1337-1352

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