The Effect of Business Cycles On Growth

Nicholas Rowe and V-H Dehjia ()
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V-H Dehjia: Department of Economics & The Norman Patterson School of International Affairs, Carleton University
Authors registered in the RePEc Author Service: Vivek Harsha Dehejia ()

Carleton Economic Papers from Carleton University, Department of Economics

Abstract: In contrast to recent "neo-Schumpeterian" models, which argue that business cycles are good for growth, the paper develops a "neo-Keynesian" model, characterized by monopolistically competitive firms which must set prices and produce output in advance of the realization of (stochastic) monetary velocity.

Keywords: BUSINESS CYCLES; GROWTH RATE (search for similar items in EconPapers)
JEL-codes: E32 O47 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1996-03, Revised 1998-07
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Citations: View citations in EconPapers (1)

Published: – revised version in Economic Inquiry, Vol. 36, No. 3 (July 1998), pp. 501–511

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Persistent link: https://EconPapers.repec.org/RePEc:car:carecp:96-02

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