IDEAS home Printed from https://ideas.repec.org/a/ses/arsjes/1994-i-2.html
   My bibliography  Save this article

Real Business Cycle Models - Some Evidence for Switzerland

Author

Listed:
  • Guido Kürsteiner
  • Marcel Rindisbacher

Abstract

We analyze the stylized facts of the Swiss business cycle and find only minor differences compared to US time series. This justifies running a simulation experiment using the real business cycle (RBC) model of KYDLAND/PRESCOTT (KP) (1982) which is formulated for a closed economy. The stylized facts obtained in our simulations are as close to effective series as reported in the original paper by KP (1982) for the US business cycle. The lower variability of employment in Switzerland is explained through an appropriate calibration of the model. Finally we present a sensitivity analysis for the KP model.

Suggested Citation

  • Guido Kürsteiner & Marcel Rindisbacher, 1994. "Real Business Cycle Models - Some Evidence for Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 130(I), pages 21-43, March.
    • Handle: RePEc:ses:arsjes:1994-i-2
    as

    Download full text from publisher

    File URL: http://www.sjes.ch/papers/1994-I-2.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ses:arsjes:1994-i-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kurt Schmidheiny (email available below). General contact details of provider: https://edirc.repec.org/data/sgvssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.