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- W1550941775 abstract "This paper quantitatively evaluates the ability of a Kydland and Prescott type model with permanent technology shocks and labor wedges to reproduce output persistence together with persistent impulse response functions of output to permanent and transitory shocks. When calibrated on US labor market features, this model, in which technology shocks account for the bulk of output fluctuations, successfully passes the Cogley and Nason test." @default.
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- W1550941775 date "2005-01-01" @default.
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- W1550941775 title "Can the Kydland-Prescott Model Pass the Cogley-Nason Test?" @default.
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- W1550941775 doi "https://doi.org/10.2139/ssrn.1706090" @default.
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