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dc.contributor.authorMaußner, Alfreden_US
dc.contributor.authorSpatz, Juliusen_US
dc.coverage.temporal1960-1989en_US
dc.date.accessioned2009-01-28T15:00:14Z-
dc.date.available2009-01-28T15:00:14Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/17900-
dc.description.abstractWe identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle. For the period 60.i to 89.iv no variable Granger causes the shock measures, and for the period 70.i to 01.iv, only M3 does. We attribute the latter result to the breaks in our time series associated with the German reunification in 1990 and the European Monetary Union in 1999. We, thus, find no evidence to reject the exogeneity of our shock measures. Our findings contrast with similar studies for other countries that question the exogeneity of either productivity or preference shocks.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relation.ispartofseriesKieler Arbeitspapiere 1158en_US
dc.subject.jelO47en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordReal Business Cyclesen_US
dc.subject.keywordSolow Residualen_US
dc.subject.keywordGranger Causalityen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwReal Business Cycleen_US
dc.subject.stwÖkonometrisches Makromodellen_US
dc.subject.stwSchocken_US
dc.subject.stwProduktivitäten_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwKausalanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwSolow Residualen_US
dc.titleDeterminants of Business Cycles in Small Scale Macroeconomic Models: The German Caseen_US
dc.typeWorking Paperen_US
dc.identifier.ppn363645098en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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