Impulse dynamics and propagation mechanisms in a real business cycle model

Timothy Cogley; James M. Nason

doi:10.1016/0165-1765(93)90138-3

Impulse dynamics and propagation mechanisms in a real business cycle model

Timothy Cogley, James M. Nason

Research output: Contribution to journal › Article › peer-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 language	English (US)
Pages (from-to)	77-81
Number of pages	5
Journal	Economics Letters
Volume	43
Issue number	1
DOIs	https://doi.org/10.1016/0165-1765(93)90138-3
State	Published - 1993

ASJC Scopus subject areas

Finance
Economics and Econometrics

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title = "Impulse dynamics and propagation mechanisms in a real business cycle model",

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.",

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Impulse dynamics and propagation mechanisms in a real business cycle model

Abstract

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