Real business cycle: a critical review
Michela Vecchi
(National Institute of Economic and Social Research, London, UK)
3505
Abstract
Provides an overview of the real business cycle research agenda, tackling the main theoretical and empirical issues. Concludes that although this methodological approach has been popular in terms of the number of papers published, it has not been completely convincing in providing a theory of the business cycle.
Keywords
Citation
Vecchi, M. (1999), "Real business cycle: a critical review", Journal of Economic Studies, Vol. 26 No. 2, pp. 159-172. https://doi.org/10.1108/01443589910258489
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited