Cantore, Cristiano; Levine, Paul; Pearlman, Joseph; Yang, Bo - School of Economics, University of Surrey - 2014
) specification of the production function into the analysis of business cycle fluctuations. Using US data, we estimate by Bayesian … movements of factor shares at the business cycle frequency. Hence the main message for DSGE models is that we should dismiss … once and for all the use of CD for business cycle analysis. …