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Article
The Role of Real and Monetary Shocks in Explaining Business Cycle Fluctuations
Applied Economics
  • Tony Caporale, University of Dayton
Document Type
Article
Publication Date
1-1-1994
Abstract
The essay brings empirical evidence to bear on the ability of real and monetary shocks to explain business cycles. Using vector autoregressive techniques it is found that both real and monetary shocks are able to explain substantial portions of the innovations in output and unemployment.
Inclusive pages
831-836
ISBN/ISSN
0003-6846
Publisher
Taylor & Francis
Peer Reviewed
Yes
Citation Information
Tony Caporale. "The Role of Real and Monetary Shocks in Explaining Business Cycle Fluctuations" Applied Economics Vol. 26 Iss. 8 (1994)
Available at: http://works.bepress.com/tony_caporale/24/