Production, growth and business cycles. II. New directions

Robert G. King*, Charles I. Plosser, Sergio T. Rebelo

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

259 Scopus citations


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 languageEnglish (US)
Pages (from-to)309-341
Number of pages33
JournalJournal of Monetary Economics
Issue number2-3
StatePublished - 1988

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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