Intertemporal Disturbances

Giorgio Primiceri, Ernst Schaumburg and Andrea Tambalotti

No 12243, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Disturbances affecting agents intertemporal substitution are the key driving force of macroeconomic fluctuations. We reach this conclusion exploiting the bond pricing implications of an estimated general equilibrium model of the U.S. business cycle with a rich set of real and nominal frictions.

JEL-codes: E30 E32 E44 (search for similar items in EconPapers)
Date: 2006-05
New Economics Papers: this item is included in nep-dge and nep-mac
Note: EFG
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Citations: View citations in EconPapers (40)

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Working Paper: Intertemporal disturbances (2006)
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