Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - 2008
rather than instanta-
neously resolve some stylized business cycle puzzles. These puzzles include
the facts that, in the data … which agents update their
information occasionally rather than instantaneously resolve some stylized
business cycle puzzles …. Finally, we use the cycle obser-
vations ˜y
2000Q1
(t),t = 2000Q2,. .. ,2001Q3 as proxies for the expected output gaps until …