Are structural VARs with long-run restrictions useful in developing business cycle theory?

No, unless technology shocks account for virtually all of the fluctuations in output.

Year of publication:	2008
Authors:	Chari, V.V. ; Kehoe, Patrick J. ; McGrattan, Ellen R.
Published in:	Journal of Monetary Economics. - Elsevier, ISSN 0304-3932. - Vol. 55.2008, 8, p. 1337-1352
Publisher:	Elsevier
Keywords:	Vector autoregressions Technology shocks Real business cycle Impulse response

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005180334