DP5384 Real Business Cycle Models: Past, Present and Future
|Publication Date:||November 2005|
|Keyword(s):||business cycles, productivity, recessions|
|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.