Report
Comments on Farmer and Guo's \\"the econometrics of indeterminacy: an applied study.\\"
Abstract: I argue that Farmer and Guo's one-sector real business cycle model with indeterminacy and sunspots fails empirically and that its failure is inherent in the logic of the model taken together with some simple labor market facts.
Keywords: Econometric models; Business cycles;
Access Documents
File(s): File format is application/pdf http://minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=477
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Minneapolis
Part of Series: Staff Report
Publication Date: 1995
Number: 196