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DP5384 Real Business Cycle Models: Past, Present and Future

Author(s): Sérgio Rebelo
Publication Date: November 2005
Keyword(s): business cycles , recessions , productivity
JEL(s): E1 , E3
Programme Areas: International Macroeconomics
Link to this Page: www.cepr.org/pubs/dps/DP5384.asp


In this paper I review the contribution of real business cycles models to our understanding of economic fluctuations, and discuss open issues in business cycle research.

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