scholarly journals Evidence on a Real Business Cycle Model with Neutral and Investment-Specific Technology Shocks Using Bayesian Model Averaging

2010 ◽  
Author(s):  
Rodney W. Strachan ◽  
H. K. van Dijk
Keyword(s):  
Business Cycle ◽  
Bayesian Model ◽  
Bayesian Model Averaging ◽  
Model Averaging ◽  
Real Business Cycle ◽  
Technology Shocks ◽  
Cycle Model ◽  
Business Cycle Model ◽  
Specific Technology ◽  
Real Business Cycle Model

A Skeptical Note on the Importance of Technology Shocks

1998 ◽  
Vol 42 (1) ◽  
pp. 108-111
Author(s):  
James E. Hartley
Keyword(s):  
Business Cycle ◽  
Real Business Cycle ◽  
Technology Shocks ◽  
Cycle Model ◽  
Depreciation Rate ◽  
Business Cycle Model ◽  
Real Business Cycle Model

This paper tests whether a real business cycle model can be built using a specific technological shock, a change in the depreciation rate, instead of an aggregate multiplicative shock. The model cannot duplicate standard business cycle facts.

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