The Cowles Commission Approach, Real Business Cycle Theories, and New Keynesian Economics
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The Cowles Commission approach is reviewed and compared to the approaches of real business cycle (RBC) theorists and new Keynesian economists. It is argued that RBC models are not tested in a serious enough way and that the new Keynesian literature is not empirical enough for testing even to be a
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美国国家经济研究局创建时间：
1992-02-01
