Jusélius, Katarina (contributor); … - 2007
empirical relevance.
JEL: C32, C52, E32
Keywords: DSGE, RBC, cointegrated VAR
www.economics-ejournal.org/economics … mechanisms will be over-
looked. The (log-linearized) real business cycle (RBC) model by Peter
Ireland (2004) (hereafter PI)1 … shocks are the primary source to the business cycles) is
strongly rejected when the data are allowed to speak freely, this …