On "Real" and "Sticky-Price" Theories of the Business Cycle
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This paper begins by identifying the distinguishing characteristic of the "real business cycle" (RBC) class of macroeconomic models. It then scruitinizes existing evidence, presented in support of the RBC approach, of three types: calibrated general equilibrium models with no monetary sector, vector
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美国国家经济研究局创建时间：
1986-06-01
