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Maximum likelihood in the frequency domain: the importance of time-to-plan

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  • Christiano, Lawrence J.
  • Vigfusson, Robert J.

Abstract

The authors illustrate the use of various frequency-domain tools for estimating and testing dynamic, stochastic, general-equilibrium models. Their substantive results confirm other findings that suggest that time-to-plan in investment technology has a potentially useful role to play in business-cycle models.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Monetary Economics.

Volume (Year): 50 (2003)
Issue (Month): 4 (May)
Pages: 789-815

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Handle: RePEc:eee:moneco:v:50:y:2003:i:4:p:789-815

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Web page: http://www.elsevier.com/locate/inca/505566

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References

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  7. Lawrence J. Christiano & Robert J. Vigfusson, 2001. "Maximum likelihood in the frequency domain: the importance of time-to-plan," Working Paper 0106, Federal Reserve Bank of Cleveland.
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  35. Christiano, Lawrence J., 1988. "Why does inventory investment fluctuate so much?," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 247-280.
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