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DP5384 | Real Business Cycle Models: Past, Present and Future
Author(s)
Sérgio Rebelo
Publication Date
22/11/2005
JEL Code(s)
E1, E3
Keyword(s)
Business Cycles, Recessions, productivity
Programme Area(s)
International Macroeconomics
Network(s)
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Abstract
In this paper I review the contribution of real business cycles models to our understanding of economic fluctuations, and discuss open issues in business cycle research.