I have tried searching for papers that answer the following types of questions, “which wedges (labor, investment, efficiency, government consumption, etc) matter for business cycle moderations (for a given economy)”. I haven’t found one yet, but applying BCA to identify which wedges matter for moderations is not inappropriate, right? Typically, I see BCA applied to recessions, so that means expansions too. But why not moderations as I have not found one yet?
Or maybe if a particular wedge drives say the 1982 recession of the US economy, then it is likely that it also drives the period of moderation that followed?