A Primer on Real Business Cycles or the ABCs of RBCs
Recent research in business cycle theory has concentrated on real rather than monetary factors as the primary cause in explaining fluctuations in economic activity. This article discusses the evolution of real business cycle theory, presents in nonmathematical terms the basic model and several exten...
|Published in:||Business economics : the journal of the National Association of Business Economists, Vol. 25, No. 3 (1990), p. 14-22|
|Item Description:||Copyright: COPYRIGHT 1990 THE NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS|
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Business economics : the journal of the National Association of Business Economists, Vol. 25, No. 3 (1990), p. 14-22