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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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  • Alan C. Stockman, 1988. "Real business cycle theory: a guide, an evaluation, and new direction," Economic Review, Federal Reserve Bank of Cleveland, vol. 24(Q IV), pages 24-47.
    • Handle: RePEc:fip:fedcer:y:1988:i:qiv:p:24-47:n:v.24no.4
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    File URL: http://www.clevelandfed.org/research/review/1988/88-q4-stockman.pdf
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    Cited by:

    1. 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.
    2. 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 (IfW Kiel).

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