000			01234nam a22001577a 4500
999			_c517260 _d517260
008			210707b ||||| |||| 00| 0 eng d
100			_aAngeletos, George Marious et al _926248
245			_aBusiness-cycle anatomy
260			_aThe American Economic Review
300			_a110(10), Oct, 2020: p.3030-3070
520			_aWe propose a new strategy for dissecting the macroeconomic time series, provide a template for the business-cycle propagation mechanism that best describes the data, and use its properties to appraise models of both the parsimonious and the medium-scale variety. Our findings support the existence of a main business-cycle driver but rule out the following candidates for this role: technology or other shocks that map to TFP movements; news about future productivity; and inflationary demand shocks of the textbook type. Models aimed at accommodating demand-driven cycles without a strict reliance on nominal rigidity appear promising. – Reproduced
650			_aTime series, Business Cycle, Propagation mechanism, Demand shocks, Medium scale, Nominal rigidity, New strategy, Macroeconomic time series, Rule out _926249
773			_aThe American Economic Review
906			_aBUSINESS CYCLE
942			_cAR