Business cycle modeling without pretending to have too much a priori economic theory by Thomas J. Sargent and Christopher A. Sims. This paper illustrares the application of a certain class of time series model macroeconomics. One motivation for this…
Macroeconomics and reality by Christopher A. Sims published by Econometrica Volume 48 – January, 1980. Existing strategies for econometric analysis related to macroeconomics are subjects to number of serious objections, some recently formulated, some old. These objections are summarized…