DP5384 Real Business Cycle Models: Past, Present and Future

Author(s):	Sérgio Rebelo
Publication Date:	November 2005
Keyword(s):	business cycles, productivity, recessions
JEL(s):	E1, E3
Programme Areas:	International Macroeconomics
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=5384

In this paper I review the contribution of real business cycles models to our understanding of economic fluctuations, and discuss open issues in business cycle research.