Kersting, Erasmus Kristoffer - In: Review of Economic Dynamics 11 (2008) 1, pp. 179-191
This paper applies 'Business Cycle Accounting' methodology introduced by Chari, Kehoe and McGrattan (2002a) to the UK economy. In particular, I examine the cyclical episode from 1979 to 1989. The chosen method enables me to decompose fluctuations in aggregates to isolate the effects...