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Real Business Cycle Models: Past, Present and Future

  • Sergio Rebelo

This paper reviews contribution of real business cycle models to our understanding of economic fluctuations and consequences of economic policy. The author pays special attention to technological shocks, discusses open issues in business cycle studies both in retrospect and future research.

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Article provided by Wiley Blackwell in its journal The Scandinavian Journal of Economics.

Volume (Year): 107 (2005)
Issue (Month): 2 (06)
Pages: 217-238

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Handle: RePEc:bla:scandj:v:107:y:2005:i:2:p:217-238
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