Dueker, Michael J.; Nelson, Charles R. - Federal Reserve Bank of St. Louis - 2003
efiects of the
business cycle have a long and polemical history. Often macroeconomists want to arrive
at a set of business … cycle facts that dynamic general equilibrium models of stationary
economic uctuations can aim to replicate [Canova, 1998 … flltering that uses a nonstructural vector
autoregression (VAR) and estimates a counterfactual history of the multivariate …