Abstract
This paper outlines new directions for investigations of real business cycle models: consideration of stochastic growth of exogenous and endogenous forms, analysis of suboptimal outcomes arising due to externalities of distorting taxes, and implications of labor market heterogeneity.
Original language | English (US) |
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Pages (from-to) | 309-341 |
Number of pages | 33 |
Journal | Journal of Monetary Economics |
Volume | 21 |
Issue number | 2-3 |
DOIs | |
State | Published - 1988 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics