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.

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Metadaten
Author:Alfred MaußnerGND, Julius Spatz
URN:urn:nbn:de:bvb:384-opus4-712493
Frontdoor URLhttps://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