Valderrama, Diego (contributor) - 2002 - [Elektronische Ressource]
Statistical Nonlinearities in the Business Cycle:
A Challenge for the Canonical RBC Model∗
Diego Valderrama†
Economic … Business Cycle (RBC) model cannot replicate the nonlinearities reflected in the skewness,
kurtosis and conditional volatility … along the
business cycle. He developed a statistical test of time series asymmetry and found significant
evidence that …