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The role of investment wedges in the Carlstrom-Fuerst economy and business cycle accounting

  • Inaba, Masaru
  • Nutahara, Kengo

We apply business cycle accounting (BCA) to data generated by a representative model with investment wedges. Based on our findings, the criteria of BCA lead us to conclude that models with investment wedges are not promising for modeling business cycles.

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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 105 (2009)
Issue (Month): 3 (December)
Pages: 200-203

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Handle: RePEc:eee:ecolet:v:105:y:2009:i:3:p:200-203
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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