Chapter from: "Introducing Advanced Macroeconomics: Growth and Business Cycles"
Published by:
McGraw Hill Education
Length: 41 pages
Topics:
The model of aggregate supply and aggregate demand; Business fluctuations in a deterministic world; Impulse-response functions; Business cycles in a stochastic world; Real business cycle theory; The dynamics of output and employment; Problems with basic real business cycle theory; The lasting contribution of real business cycle theory
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