We thank the editor, two anonymous referees, Toni Braun, Larry Christiano, Mario Crucini, Eric Leeper, Kevin Huang, Masaru Inaba, Takushi Kurozumi, Giorgio Primiceri, Frank Smets, and the seminar and conference participants at Tohoku University, Vanderbilt University and the FRB Philadelphia/NBER Workshop on Methods and Applications for DSGE Models, the 2009 Far East and South Asia Meetings of the Econometric Society, and the 10th CIRJE-TCER Macroeconomics Conference for helpful comments and discussion. We also thank Tomohiro Sugo and Kozo Ueda for providing us with the Japanese data. Views expressed in this paper are those of the authors and do not necessarily reflect the official views of the Bank of Japan.
Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach
Article first published online: 19 JAN 2011
© 2011 The Ohio State University
Journal of Money, Credit and Banking
Volume 43, Issue 1, pages 1–29, February 2011
How to Cite
FUJIWARA, I., HIROSE, Y. and SHINTANI, M. (2011), Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach. Journal of Money, Credit and Banking, 43: 1–29. doi: 10.1111/j.1538-4616.2010.00363.x
- Issue published online: 19 JAN 2011
- Article first published online: 19 JAN 2011
- Received July 23, 2008; and accepted in revised form August 6, 2010.
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