IMPULSE DYNAMICS AND PROPAGATION MECHANISMS IN A REAL BUSINESS-CYCLE MODEL

Authors
COGLEY T NASON JM
Citation
T. Cogley et Jm. Nason, IMPULSE DYNAMICS AND PROPAGATION MECHANISMS IN A REAL BUSINESS-CYCLE MODEL, Economics letters, 43(1), 1993, pp. 77-81
Citations number
6
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
43
Issue
1
Year of publication
1993
Pages
77 - 81
Database
ISI
SICI code
0165-1765(1993)43:1<77:IDAPMI>2.0.ZU;2-P
Abstract
In a typical real business cycle model, we find that output dynamics a re determined primarily by impulse dynamics and that endogenous propag ation mechanisms are weak. Consequently, the model must rely on extern al sources of dynamics in order to replicate the univariate dynamics o f U.S. per capita GNP.