DiCecio, Riccardo (contributor); Nelson, Edward (contributor) - 2007 - Rev.
−
l l l l
,,1
11', Κ', 1
1 δ
ˆ()( )
1 δ 1 δ
k
k
Ct Ct
ttt t
kk
r
pU EU r p
rr
+
−+Κ +
−
+= +
+− +−
(5).
Because of … macroeconomic hypotheses have been stressed by Ravn
(1997) (evaluating a real business cycle model against the behavior of U … the Business Cycle.” NBER Working
Paper No. 11034.
Andrews, Donald W.K. (1993). “Testing for Parameter Instability …