Real Business Cycle Theory: a Guide, an Evaluation, and New Directions

Alan C. Stockman

11 citations0/0 files storedEconometric Reviews

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

An evaluation of the state of real business cycle theory, with an outline of useful directions for further research and a discussion of economic policy implications.

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1988On the mechanics of economic development 1986Increasing Returns and Long-Run Growth 1957Technical Change and the Aggregate Production Function 1982Time to Build and Aggregate Fluctuations 1985The equity premium: A puzzle 1982Trends and random walks in macroeconmic time series 1988Production, growth and business cycles 1983Real Business Cycles

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