Determinants of business cycles in small scale macroeconomic models: the German case
- We identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle in the mid nineteen seventies and nineteen eighties. We find no evidence to reject the exogeneity of our shock measures. This results contrasts with similar studies for other countries that question the exogeneity of either productivity or preference shocks.
Author: | Alfred MaußnerGND, Julius Spatz |
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URN: | urn:nbn:de:bvb:384-opus4-712493 |
Frontdoor URL | https://opus.bibliothek.uni-augsburg.de/opus4/71249 |
Series (Serial Number): | Volkswirtschaftliche Diskussionsreihe (213) |
Publisher: | Volkswirtschaftliches Institut, Universität Augsburg |
Place of publication: | Augsburg |
Type: | Working Paper |
Language: | English |
Year of first Publication: | 2001 |
Publishing Institution: | Universität Augsburg |
Release Date: | 2020/02/26 |
Tag: | JEL: E32, O47 |
Pagenumber: | 22 |
Note: | Also published in: Empirical Economics, 31 (2006), Issue 4, p. 921 - 950 ; https://doi.org/10.1007/s00181-006-0062-9 |
Institutes: | Wirtschaftswissenschaftliche Fakultät |
Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre | |
Wirtschaftswissenschaftliche Fakultät / Institut für Volkswirtschaftslehre / Lehrstuhl für Empirische Makroökonomik (Maußner) | |
Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
Journals: | Volkswirtschaftliche Diskussionsreihe |
Licence (German): | Deutsches Urheberrecht |