Dhawan, Rajeev (contributor); Jeske, Karsten (contributor); … - 2008
. First we estimate a joint stochastic process for the energy price and TFP and establish that until
the second quarter of … words: Bayesian estimation, productivity, energy price, Great Moderation, business cycles
1 Introduction
Our research is ….2
Why would the uctuations in energy prices be important for the great moderation? Looking
at the energy price and its …