NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Two Flaws In Business Cycle Accounting

Lawrence J. Christiano, Joshua M. Davis

NBER Working Paper No. 12647
Issued in October 2006

---- Acknowledgements -----

We are grateful for several key discussions with Mark Gertler, as well as for discussions with Martin Eichenbaum. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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