Section 1. Theory and Statistics of interest (e.g, IRs, KP stats, VarDec) (Use basic model of BCA and note that lots map into it) Section 2. Measurement --- done 4 ways VAR: X[t] = B1 X[t-1] + B2 X[t-2] + ... + v[t] (Theory: Bj = M* B(j-1)) VARMA: X[t] = A X[t-1] + v[t] - B v[t-1] (Theory: A = B1+M B = M ) SS: S[t+1] = A S[t] + B eps[t+1] X[t] = C S[t], with A,B,C minimally restricted or detailed Section 3. Results Section 4. Sensitivity with misspecification in model assumptions (a) Economy has geometric growth, assumed unit root (b) Economy has correlated shocks, assumed uncorrelated (c) Economy has N shocks, assumed < N Appendix: Redo all with sticky-wage model and monetary shocks rather than shocks to tax on labor