Determinants of Business Cycles in Small Scale Macroeconomic Models: The German Case

Alfred Maussner () and Julius Spatz ()
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Julius Spatz: Kiel Institute of World Economics

No 213, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: We identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle in the mid nineteen seventies and nineteen eighties. We find no evidence to reject the exogeneity of our shock measures. This results contrasts with similar studies for other countries that question the exogeneity of either productivity or preference shocks.

Keywords: Real Business Cycles; Solow Residual; Granger CausalityRe (search for similar items in EconPapers)
JEL-codes: E32 O47 (search for similar items in EconPapers)
Date: 2001-12
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Related works:
Journal Article: Determinants of business cycles in small scale macroeconomic models: the German case (2006)
Working Paper: Determinants of Business Cycles in Small Scale Macroeconomic Models: The German Case (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0213

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