Kürsteiner, Guido; Rindisbacher, Marcel - In: Swiss Journal of Economics and Statistics (SJES) 130 (1994) I, pp. 21-43
We analyze the stylized facts of the Swiss business cycle and find only minor differences compared to US time series. This justifies running a simulation experiment using the real business cycle (RBC) model of KYDLAND/PRESCOTT (KP) (1982) which is formulated for a closed economy. The stylized...