Maximum likelihood in the frequency domain: the importance of time-to-plan

The authors illustrate the use of various frequency-domain tools for estimating and testing dynamic, stochastic, general-equilibrium models. Their substantive results confirm other findings that suggest that time-to-plan in investment technology has a potentially useful role to play in business-cycle models.

MoreLess

Year of publication:	2001
Authors:	Christiano, Lawrence J. ; Vigfusson, Robert J.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Business cycles

More details

Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0106
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428214