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Business Cycles: Theory, Evidence and Policy Implications

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  • Cooper, Russell W

Abstract

This paper looks at recent advances in the study of aggregate fluctuations. The emphasis is on three prominent areas of research: the stochastic growth model, economies which exhibit macroeconomic complementarities, and models that emphasize heterogeneity. Each section of the paper outlines the theory, examines relevant empirical evidence, and then discusses some policy implications of the analysis. Copyright 1998 by The editors of the Scandinavian Journal of Economics.

Suggested Citation

  • Cooper, Russell W, 1998. " Business Cycles: Theory, Evidence and Policy Implications," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(1), pages 213-237, March.
  • Handle: RePEc:bla:scandj:v:100:y:1998:i:1:p:213-37
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    Cited by:

    1. Cahuc, Pierre & Kempf, Hubert, 1999. "Asynchronized multiperiod commitments and cycles," Journal of Economic Behavior & Organization, Elsevier, vol. 40(4), pages 387-407, December.
    2. Cuadrado-Roura, Juan R. & Mancha-Navarro, Tomás & Garrido-Yserte, Rubén, 2002. "European integration and regional business cycles - a test for the Spanish case," ERSA conference papers ersa02p367, European Regional Science Association.
    3. Harald Oberhofer, 2012. "Firm Growth, European Industry Dynamics and Domestic Business Cycles," Scottish Journal of Political Economy, Scottish Economic Society, vol. 59(3), pages 316-337, July.

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