What Prevents a Real Business Cycle Model from Matching the U.S. Data? : Decomposing the Labor Wedge /

What Prevents a Real Business Cycle Model from Matching the U.S. Data? : Decomposing the Labor Wedge /

I carry out a business cycle accounting exercise (Chari, Kehoe and McGrattan, 2007) on the U.S. data measured in wage units (Farmer (2010)) for the entire postwar period. In contrast to a conventional approach, this approach preserves common medium-term business cycle fluctuations in GDP, its compon...

Detaylı Bibliyografya
Yazar:	Plotnikov, Dmitry
Materyal Türü:	Dergi
Dil:	English
Baskı/Yayın Bilgisi:	Washington, D.C. : International Monetary Fund, 2017.
Seri Bilgileri:	IMF Working Papers; Working Paper ; No. 2017/201
Online Erişim:	Full text available on IMF

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