A Note on the Real Business Cycle Theory

Authors

  • Francisco Rosende Gerencia de Estudios Banco Central de Chile

Keywords:

real business cycles, macroeconomics, Kydland, Prescott, economic fluctuations, equilibrium theory

Abstract

The main purpose of this note is to present in a simple way the most important aspects of the theory of real business cycles, following F. Kydland and E. Prescott path-breaking paper of 1982. The presentation is complemented by a discussion about the main criticisms made on this theory.

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How to Cite

Rosende, F. (2010). A Note on the Real Business Cycle Theory. Economic Analysis Review, 3(2), 187–205. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/291

Issue

Vol. 3 No. 2 (1988)

Section

Articles