| PDF (215kB) |
- URN to cite this document:
- urn:nbn:de:bvb:355-epub-346412
- DOI to cite this document:
- 10.5283/epub.34641
Abstract
In a recent paper, Christiano, Motto and Rostagno (2014, henceforth CMR) report that risk shocks are the most important source of business cycle fluctuations. This result is in contrast to much of the existing literature; e.g. Bachmann and Bayer (2013) report that risk shocks account for 4% of the volatility in GDP. We resolve this apparent contradiction by first highlighting that CMR depart from ...
Owner only: item control page
Download Statistics