Real business cycle models: Past, present, and future

S. Rebelo*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

This paper reviews contribution of real business cycle models to our understanding of economic fluctuations and consequences of economic policy. The author pays special attention to technological shocks, discusses open issues in business cycle studies both in retrospect and future research.

Original languageEnglish (US)
Pages (from-to)56-67
Number of pages12
JournalVoprosy Ekonomiki
Volume2010
Issue number10
DOIs
StatePublished - 2010
Externally publishedYes

Keywords

  • Business cycles
  • Productivity
  • Recessions

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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