000			01226nam a22001817a 4500
999			_c513830 _d513830
008			200904b ||||| |||| 00| 0 eng d
100			_aBeaudry, Paul _917574
245			_aPutting the cycle back into business cycle analysis
260			_aAmerican Economic Review
300			_a110(1), Jan 2020. p. 1-47
520			_aAre business cycles mainly a response to persistent exogenous shocks, or do they instead reflect a strong endogenous mechanism which produces recurrent boom-bust phenomena? In this paper we present evidence in favor of the second interpretation and we highlight the set of key elements that influence our answer. The elements that tend to favor this type of interpretation of business cycles are (i) slightly extending the frequency window one associates with business cycle phenomena, (ii) allowing for strategic complementarities across agents that arise due to financial frictions, and (iii) allowing for a locally unstable steady state in estimation. - Reproduced
650			_aInvestment, Capital, Intangible Capital, Capacity _917559
700			_aGalizia, Dana _917560
700			_aPortier, Franck _917561
773			_aAmerican Economic Review
906			_aFINANCIAL MARKETS
942			_cAR