Oviedo, Pedro Marcelo - Iowa State University of Science and Technology <Ames, … - 2005
-rate driven business cycles has changed over time:whereas early research concluded that business cycles are neutral to interest …-rateshocks, more recent investigations suggest that these shocks can explain a large ex-tent of the business cycles of a small open … the recently found effectiveness of interest-rate shocks to cause business cyclesrests more on the statistical properties …