The Computational Experiment: An Econometric Tool

Finn E. Kydland; Edward C. Prescott

doi:10.4324/9780203070710-21

The Computational Experiment: An Econometric Tool

Finn E. Kydland, Edward C. Prescott

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Thus, the fundamental question here is the extent to which neoclassical growth theory can account for business cycle fluctuations, as well as long-term growth trends. A particular question addressed was, “How much would the U.S. postwar economy have fluctuated if technology shocks had been the only source of fluctuations?" Computational experiments are well suited to tackle this question.

Original language	English (US)
Title of host publication	Real business cycles
Subtitle of host publication	A Reader
Publisher	Taylor and Francis
Pages	237-253
Number of pages	17
ISBN (Electronic)	9781134694792
ISBN (Print)	0415165687
DOIs	https://doi.org/10.4324/9780203070710-21
State	Published - Jan 1 2013
Externally published	Yes

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)
Business, Management and Accounting(all)

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10.4324/9780203070710-21

Cite this

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The Computational Experiment: An Econometric Tool

Abstract

ASJC Scopus subject areas

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