Colciago, Andrea; Muscatelli, V. Anton; Ropele, Tiziano; … - 2006
University of Milano-Bicocca
andrea.colciago@unimib.it
V. Anton Muscatelli
University of Glasgow
Department of Economics … introduce broader range
of nominal and real rigidities which have proven crucial to explain some key
features of the business …). Studies of the business cy-
cle using VAR-type models do not provide empirical support for this simple
description of demand …