Working Paper
Maximum likelihood in the frequency domain: the importance of time-to-plan
Abstract: The authors illustrate the use of various frequency-domain tools for estimating and testing dynamic, stochastic, general-equilibrium models. Their substantive results confirm other findings that suggest that time-to-plan in investment technology has a potentially useful role to play in business-cycle models.
https://doi.org/10.26509/frbc-wp-200106
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 2001
Number: 0106