DeJong, David N.; Ingram, Beth F.; Whiteman, Charles H. - In: Journal of Applied Econometrics 15 (2000) 3, pp. 311-329
We employ a neoclassical business-cycle model to study two sources of business-cycle fluctuations: marginal efficiency of investment shocks, and total factor productivity shocks. The parameters of the model are estimated using a Bayesian procedure that accommodates prior uncertainty about their...