Recessions and recoveries in real business cycle models.
The writers assess the ability of a simple real business cycle model to produce business cycles in the classical NBER definition of the term, where recessions are periods of absolute declines in economic activity. The “phase” classification of A.F. Burns and W.C. Mitchell (1946) was employed to det...
| Publicado en: | Economic Inquiry Vol. 33; pp. 640 - 664 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
October 1995
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |