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Author:Rebelo, S.
Title:Real business cycle models: past, present and future
Journal:Scandinavian Journal of Economics
2005 : VOL. 107:2, p. 217-238
Index terms:Business cycles
Macroeconomics
Language:eng
Abstract:First, this article briefly reviews the properties of real business cycle (RBC) models. Then, it describes some of the challenges that face the theoretical edifice that has built up on the foundations laid by Kydland and Prescott (1982).
SCIMA record nr: 259508
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