Real Business Cycle Models - Some Evidence for Switzerland

Guido Kürsteiner and Marcel Rindisbacher
Authors registered in the RePEc Author Service: Guido M. Kuersteiner

Swiss Journal of Economics and Statistics (SJES), 1994, vol. 130, issue I, 21-43

Abstract: We analyze the stylized facts of the Swiss business cycle and find only minor differences compared to US time series. This justifies running a simulation experiment using the real business cycle (RBC) model of KYDLAND/PRESCOTT (KP) (1982) which is formulated for a closed economy. The stylized facts obtained in our simulations are as close to effective series as reported in the original paper by KP (1982) for the US business cycle. The lower variability of employment in Switzerland is explained through an appropriate calibration of the model. Finally we present a sensitivity analysis for the KP model.

Date: 1994
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sjes.ch/papers/1994-I-2.pdf (application/pdf)

Related works:
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:ses:arsjes:1994-i-2

Access Statistics for this article

Swiss Journal of Economics and Statistics (SJES) is currently edited by Marius Brülhart

More articles in Swiss Journal of Economics and Statistics (SJES) from Swiss Society of Economics and Statistics (SSES) Contact information at EDIRC.
Bibliographic data for series maintained by Kurt Schmidheiny (mail@sgvs.ch).