ARTICLE IN PRESS


Accounting for Business Cycles
P.
*
  Brinca*,, V.V. Chari,{, P.J. Kehoe,{,§, E. McGrattan,{
Nova School of Business and Economics, Lisboa, Portugal

University of Minnesota, Minneapolis, MN, United States
{
Federal Reserve Bank of Minneapolis, Minneapolis, MN, United States
§
University College London, London, United Kingdom

Centre for Economics and Finance, University of Porto, Porto, Portugal

Contents
1. Demonstrating the Equivalence Result                      ...