Title:Business Cycle Analysis and VARMA Models
Author(s):KASCHA, Christian; MERTENS, KarelDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2006/37Abstract:An important question in empirical macroeconomics is whether
structural vector autoregressions (SVARs) can reliably discriminate
between competing DSGE models. Several recent papers have sug-
gested that one reason SVARs ...