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Building Blocks of Market Clearing Business Cycle Models

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NBER1989-06-01 更新2025-01-04 收录
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We compare "real business cycle" and increasing returns models of economic fluctuations. In these models, business cycles are driven by productivity changes resulting either from technology shocks or from crucial building blocks that give both types of models hope of fitting the data. These building

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1989-06-01
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