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Real Business Cycle Models: Past, Present and Future

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  • Rebelo, Sérgio

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.

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  • Rebelo, Sérgio, 2005. "Real Business Cycle Models: Past, Present and Future," CEPR Discussion Papers 5384, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:5384
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    More about this item

    Keywords

    Business cycles; Recessions; Productivity;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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