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Real business cycle theory: a guide, an evaluation, and new direction

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  • Alan C. Stockman

Abstract

An evaluation of the state of real business cycle theory, with an outline of useful directions for further research and a discussion of economic policy implications.

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File URL: http://www.clevelandfed.org/research/review/1988/88-q4-stockman.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

Volume (Year): (1988)
Issue (Month): Q IV ()
Pages: 24-47

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Handle: RePEc:fip:fedcer:y:1988:i:qiv:p:24-47:n:v.24no.4

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Keywords: Business cycles ; Japan ; Great Britain;

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Cited by:
  1. Scheide, Joachim, 1991. "On the causality between output, money and the terms of trade in Germany," Kiel Working Papers 475, Kiel Institute for the World Economy.
  2. Ambler, Steve, 1991. "Les modèles du cycle économique face à la corrélation productivité-emploi," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(4), pages 532-548, décembre.

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