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 language | English (US) |
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Pages (from-to) | 56-67 |
Number of pages | 12 |
Journal | Voprosy Ekonomiki |
Volume | 2010 |
Issue number | 10 |
DOIs | |
State | Published - 2010 |
Externally published | Yes |
Keywords
- Business cycles
- Productivity
- Recessions
ASJC Scopus subject areas
- Finance
- Economics and Econometrics