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

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.