Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70012
Authors: 
Maussner, Alfred
Spatz, Julius
Year of Publication: 
2001
Series/Report no.: 
Volkswirtschaftliche Diskussionsreihe, Institut für Volkswirtschaftslehre der Universität Augsburg 213
Abstract: 
We 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 in the mid nineteen seventies and nineteen eighties. We find no evidence to reject the exogeneity of our shock measures. This results contrasts with similar studies for other countries that question the exogeneity of either productivity or preference shocks.
Subjects: 
Real Business Cycles
Solow Residual
Granger CausalityRe
JEL: 
E32
O47
Document Type: 
Working Paper

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