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How the Basic RBC Model Fails to Explain US Time Series

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  • Gregory C. Chow

    (Princeton University)

Abstract

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Suggested Citation

  • Gregory C. Chow, 2003. "How the Basic RBC Model Fails to Explain US Time Series," Macroeconomics 0306010, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0306010
    Note: Published in Journal of Monetary Economics 41 (1998) 301-318
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0306/0306010.pdf
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    References listed on IDEAS

    as
    1. Plosser, Charles I, 1989. "Understanding Real Business Cycles," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 51-77, Summer.
    2. Watson, Mark W, 1993. "Measures of Fit for Calibrated Models," Journal of Political Economy, University of Chicago Press, vol. 101(6), pages 1011-1041, December.
    3. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    4. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : I. The basic neoclassical model," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 195-232.
    5. Kwan, Yum K. & Chow, Gregory C., 1996. "Estimating Economic Effects of Political Movements in China," Journal of Comparative Economics, Elsevier, vol. 23(2), pages 192-208, October.
    6. Gregory C. Chow & Richard E. Levitan, 1969. "Nature of Business Cycles Implicit in a Linear Economic Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(3), pages 504-517.
    7. Kwan, Yum K. & Chow, Gregory C., 1997. "Chow's method of optimal control: A numerical solution," Journal of Economic Dynamics and Control, Elsevier, vol. 21(4-5), pages 739-752, May.
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    More about this item

    Keywords

    Macroeconomics;

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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