Malley, James R.; Woitek, Ulrich - 2009
: Real Business Cycle, Bayesian estimation, VARMA errors
JEL codes: C11, C52, E32
∗We would like to thank seminar … participants at the Department of Economics, Uni-
versity of Glasgow for helpful comments and suggestions. The usual disclaimer … applies.
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1 Introduction
The role of technology shocks as a leading determinant of business cycles
continues to be a heated …