Seasonality and equilibrium business cycle theories

We consider a dynamic, stochastic equilibrium business cycle model which is augmented to reflect seasonal shifts in preferences, technology, and government purchases. Our estimated parameterization implies implausibly large seasonal variation in the state of technology: rising at an annual rate of 2...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of economic dynamics & control 1995-04, Vol.19 (3), p.503-531
Hauptverfasser:	Braun, R.Anton, Evans, Charles L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Equilibrium theory Real business cycle Seasonality Solow residuals Statistical analysis Stochastic models Studies Technological change
Online-Zugang:	Volltext
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