Real Business Cycles and the Test of the Adelmans
Robert King () and
Charles Plosser ()
No 3160, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
This paper conducts a modern variant of the test proposed and carried out by Adelman and Adelman (1959). Using the methods developed by Burns and Mitchell (1946). we see if we can distinguish between the economic series generated by an actual economy and those analogous artificial series generated by a stochastically perturbed economic model. In the case of the Adelmans, the model corresponded to the Klein-Goldberger equations. In our case, the model corresponds to a simple real business cycle model. The results indicate a fairly high degree of coincidence in key economic aggregates between the business cycle characteristics identified in actual data and those found in our simulated economy.
Date: 1989-11
Note: ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)
Published as Journal of Monetary Economics, Vol. 33, no. 2 (April 1994): 405-438.
Published as Robert G. King & Charles I. Plosser, 1989. "Real business cycles and the test of the Adelmans," Proceedings, Federal Reserve Bank of San Francisco.
Downloads: (external link)
http://www.nber.org/papers/w3160.pdf (application/pdf)
Related works:
Journal Article: Real business cycles and the test of the Adelmans (1994) 
Journal Article: Real business cycles and the test of the Adelmans (1989)
Working Paper: REAL BUSINESS CYCLES AND THE TEST OF THE ADELMANS (1989)
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:nbr:nberwo:3160
Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w3160
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().