This directory contains material for

   "Are Structural VARs with Long-Run Restrictions Useful in
    Developing Business Cycle Theory?"*
    Federal Reserve Bank of Minneapolis Staff Report 364
    by V.V. Chari, Patrick Kehoe, and Ellen McGrattan

See the README files in each subdirectory

Directory      DESCRIPTION
----------     ----------------------------------------------------
bquah          Blanchard-Quah methodology applied to datasets in literature
data           BEA, CPS, and data used in literature
notes          Notes and proofs of propositions
rbc            Codes for MLE estimation and model simulation
results        Summary of results and instructions for replicating results


Ellen McGrattan
September 2008

* The earlier title of the paper was
  "A Critique of Structural VARs Using Real Business Cycle Theory"