Real Business Cycles: sectoral versus aggregate shocks and the elasticity of demand for income in terms of work effort

1997 ◽  
Vol 9 (4) ◽  
pp. 479-483 ◽  
Author(s):  
J. R. Presley ◽  
J. G. Sessions
Keyword(s):  
Business Cycles ◽  
Work Effort ◽  
Aggregate Shocks ◽  
Real Business Cycles ◽  
Elasticity Of Demand

scholarly journals International Real Business Cycles

1992 ◽  
Vol 100 (4) ◽  
pp. 745-775 ◽  
Author(s):  
David K. Backus ◽  
Patrick J. Kehoe ◽  
Finn E. Kydland
Keyword(s):  
Business Cycles ◽  
Real Business Cycles ◽  
International Real Business Cycles

REAL BUSINESS CYCLES AFTER THREE DECADES

2013 ◽  
Vol 19 (2) ◽  
pp. 425-445
Author(s):  
Sumru Altug ◽  
Warren Young
Keyword(s):  
Social Sciences ◽  
Business Cycles ◽  
Business Cycle ◽  
Panel Discussion ◽  
Real Business Cycle ◽  
Real Business Cycles ◽  
Macroeconomic Analysis ◽  
Time To Build ◽  
History Of ◽  
Recent Financial Crisis

The transcript of a panel discussion marking three decades of the real business cycle approach to macroeconomic analysis as manifested in Kydland and Prescott's “Time to Build” (Econometrica, 1982) and Long and Plosser's “Real Business Cycles” (Journal of Political Economy, 1983). The panel consists of Edward Prescott, Finn Kydland, Charles Plosser, John Long, Thomas Cooley, and Gary Hansen. The discussion is moderated by Sumru Altug and Warren Young. The panel touches on a wide variety of issues related to real business cycle models, including their history and methodology, starting with the work of Prescott and Kydland at Carnegie Tech and Plosser and Long at Rochester; their applications to policy; and their role in the recent financial crisis and likely future.The panel discussion was held in a session sponsored by the History of Economics Society at the Allied Social Sciences Association (ASSA) meetings in the Randle A Room of the Manchester Grand Hyatt Hotel in San Diego, California.

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