基德兰-普雷斯科特模型能通过考格利-纳森检验吗?

Banque de France Research Paper Series Pub Date : 2005-06-01 DOI:10.2139/ssrn.1706090

P. Fève, J. Matheron

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引用次数: 57

摘要

本文定量评价了具有永久性技术冲击和劳动楔子的Kydland和Prescott型模型再现产出持续性以及产出对永久性和暂时性冲击的持续脉冲响应函数的能力。当根据美国劳动力市场特征进行校准时，该模型成功地通过了Cogley和Nason检验。在该模型中，技术冲击是产出波动的主要原因。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Can the Kydland-Prescott Model Pass the Cogley-Nason Test?

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.

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Banque de France Research Paper Series

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