Granger causality and equilibrium business cycle theory
By: by Yi Wen.
Contributors: Federal Reserve Bank of St. Louis.
Series: Working paper ;; 2005-038A; Working paper (Federal Reserve Bank of St. Louis : Online) ;; 2005-038A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2005
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Subjects: Business cycles -- United States.
Description: "Post war US data show that consumption growth causes output and investment growth.  This is puzzling if technology is the driving force of the business cycle.  I ask whether general equilibrium models driven by demand shocks can rationalize the observed causal relations.  My conclusion is that business cycle theory remains behind business cycle measurement"--Federal Reserve Bank of St. Louis web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 7/12/2005.
Also available in print.
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Mode of access: World Wide Web.