caa a22 4500 467896259 CHVBK 20180406152805.0 cr unu---uuuuu 170328e20061101xx s 000 0 eng 10.1007/s00181-006-0062-9 doi (NATIONALLICENCE)springer-10.1007/s00181-006-0062-9 Determinants of business cycles in small scale macroeconomic models: the German case [Elektronische Daten] [Alfred Maussner, Julius Spatz] We identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle. For West German data from 1960.i to 1989.iv we conclude that our measures of shocks are indeed exogenous. This contrasts with similar studies for other countries that question the exogeneity of either productivity or preference shocks. For the period 70.i to 01.iv we find that M3 Granger causes all of our shock measures. We attribute this to the breaks in our time series associated with the German reunification in 1990 and the European Monetary Union in 1999. Springer-Verlag, 2006 Real business cycles nationallicence Solow residual nationallicence Granger causality nationallicence Maussner Alfred Department of Economics, University of Augsburg, 86159, Augsburg, Federal Republic of Germany aut Spatz Julius Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH, Postfach 5180, 65726, Eschborn, Federal Republic of Germany aut Empirical Economics Springer-Verlag 31/4(2006-11-01), 921-950 0377-7332 31:4<921 2006 31 181 https://doi.org/10.1007/s00181-006-0062-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-006-0062-9 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Maussner Alfred Department of Economics, University of Augsburg, 86159, Augsburg, Federal Republic of Germany aut NATIONALLICENCE 700 1- Spatz Julius Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH, Postfach 5180, 65726, Eschborn, Federal Republic of Germany aut NATIONALLICENCE 773 0- Empirical Economics Springer-Verlag 31/4(2006-11-01), 921-950 0377-7332 31:4<921 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer