Work

Real Business Cycle Models: Past, Present and Future

Year: 2005
Type: article
Abstract: Finn Kydland and Edward Prescott introduced not one, but three, revolu-tionary ideas in their 1982 paper, ‘‘Time to Build and Aggregate Fluctuations’’. The first idea, which builds on prior work by Lucas and Prescott (1971), is that business cycles can be studied using dynamic general
Language: English
Open Access status: green
OpenAlex ID: W2891531367
FWCI: 22.9
Cites: 83
Cited by: 185
Related to: 10