Letting Different Views about Business Cycles Compete

By Paul Beaudry, Bernd Lucke. NBER macroeconomics annual, 2010

158 citations recorded by the source corpus.

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Macroeconomic Shocks and Their Propagation (2016, methodology): “(2003) (CEV), and Beaudry and Portier (2006) systems using updated data. In each case, I used a simple bivariate system. Both the Galı́ and CEV shocks use long-run restrictions, with the former assuming a unit root in hours per capita and the latter assuming a quadratic trend in hours. I use Beaudry”
The Quantitative Importance of News Shocks in Estimated DSGE Models (2012, methodology): “In this paper, we build on the work of Beaudry and Lucke (2008) but use the framework of estimated dynamic stochastic general equilibrium (DSGE) model instead.”
No News in Business Cycles (2014, unknown): “1 Dupaigne and Portier (2006) and Beaudry and Lucke (2009) find similar results.”
News shocks and business cycles (2011, unknown): “(6) is simply a “smooth”version of the news process shown in (1) above.”