Models of Business Cycles

Sumru Altug

Chapter 3 in Business Cycles:Fact, Fallacy and Fantasy, 2009, pp 33-64 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:AN RBC MODELA NUMERICAL SOLUTIONINITIAL CRITICISMS"PUZZLES"A Model with Indivisible Labor SupplyThe Productivity PuzzleReverse CausalityTHE SOURCE OF THE SHOCKSInvestment-Specific Technological ShocksEnergy Shocks

Keywords: Business Cycles; Shocks and Propagation Mechanisms; Calibration; Matching Model to Data (search for similar items in EconPapers)
Date: 2009
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