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Granger Causality and Equilibrium Business Cycle Theory / Wen Yi.
- Format:
- Datafile
- Series:
- ICPSR (Series) ; 1345.
- ICPSR ; 1345
- Language:
- English
- Genre:
- Academic theses.
- Physical Description:
- 1 online resource.
- Place of Publication:
- Ann Arbor, Mich. : Inter-university Consortium for Political and Social Research [distributor], 2007.
- System Details:
- Mode of access: World Wide Web.
- data file
- Summary:
- Postwar United States data show that consumption growth 'Granger-causes' output and investment growth, which is puzzling if technology is the driving force of the business cycle. The author asks whether general equilibrium models with information frictions and non-technology shocks can rationalize the observed causal relationships. His conclusion is they cannot.
- Notes:
- Title from ICPSR DDI metadata of 2008-01-04.
- OCLC:
- 190871597
- Access Restriction:
- Restricted for use by site license.
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