The Computational Experiment: An Econometric Tool

Finn E. Kydland, Edward C. Prescott

Research output: Chapter in Book/Report/Conference proceedingChapter


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 languageEnglish (US)
Title of host publicationReal business cycles
Subtitle of host publicationA Reader
PublisherTaylor and Francis
Number of pages17
ISBN (Electronic)9781134694792
ISBN (Print)0415165687
StatePublished - Jan 1 2013
Externally publishedYes

ASJC Scopus subject areas

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


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