Impulse dynamics and propagation mechanisms in a real business cycle model

Timothy Cogley, James M. Nason

    Research output: Contribution to journalArticlepeer-review

    Abstract

    In a typical real business cycle model, we find that output dynamics are determined primarily by impulse dynamics and that endogenous propagation mechanisms are weak. Consequently, the model must rely on external sources of dynamics in order to replicate the univariate dynamics of U.S. per capita GNP.

    Original languageEnglish (US)
    Pages (from-to)77-81
    Number of pages5
    JournalEconomics Letters
    Volume43
    Issue number1
    DOIs
    StatePublished - 1993

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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