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...

Full description

Bibliographic Details

Published in:	Economic Inquiry Vol. 33; pp. 640 - 664
Main Authors:	Balke, Nathan S., Wynne, Mark A.
Format:	Article
Published:	Wiley-Blackwell October 1995
Subjects:	National Bureau of Economic Research Mathematical models of business cycles
Online Access:	View this record in EBSCOhost