By Jan Jacobs
the most end of the booklet is that simultaneous equation types are the simplest automobile for EBCR, if all its ambitions are to be attained concurrently. This end relies on a pretty particular evaluate of the tools and isn't over-turned within the empirical illustrations. the most end doesn't mean the tip of different EBCR tools. now not all ambitions need to be met with a unmarried automobile, different equipment may perhaps serve the aim both good - or maybe higher. for instance, if one is drawn to enterprise cycle forecasts, one could desire a company cycle indicator or vector autoregressive process.
A moment end is that many ideas/concepts that play a major function in present discussions approximately econometric method often and EBCR particularly, have been recommend within the Nineteen Thirties and Forties.
a 3rd end is that it's tricky, if now not most unlikely, to examine the results of RBC types to results of the opposite 3 tools, simply because RBC modellers aren't drawn to modelling company cycles on an observation-per-observation foundation. A extra basic end during this recognize is that equipment should still undertake the similar idea of commercial cycles to cause them to comparable.
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Econometric Business Cycle Research by Jan Jacobs