Understanding Real Business Cycles
Bibliographic Data
| ID | 4029919 |
|---|---|
| Authors | Charles I Plosser (University of Rochester, corresponding author) |
| Year | 1989 |
| Volume | 3 |
| Issue | 3 |
| Pages | 51-77 |
| Publication date | 1989-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.3.3.51 |
| OpenAlex | W3123455712 |
| Language | EN |
| Citations received | 46 |
| References cited | 36 |
This brief essay is intended to provide readers with an introduction to the real business cycle approach to business fluctuations. It discusses the basic real business cycle framework; economic growth and business cycles; real business cycles and the 1954-1985 U.S. economy; government policies and suboptimal equilibrium; and the real business cycle research agenda. An appendix presents a more technical summary of the basic neoclassical model presented in the paper
Business cycle · Economics · Macroeconomics · Economic theories and models · Economic Theory and Policy · Monetary Policy and Economic Impact
Variations on a Schumpeterian theme
Variable Trends in Economic Time Series
Political elections and corporate investment
Equilibre, coordination et cycle
Valeur et contrats à la lumiere de Turgot [1769]
Homework in Macroeconomics
Measures of Fit for Calibrated Models
Democratic Governance and Multinational Corporations
The History of Macroeconomics Viewed against the Background of the Marshall-Walras Divide
Entrepreneurs, Growth and Cycles
Innovative Activity over the Business Cycle
The Cambridge Economic History of Modern Europe
Business cycles and trends in Germany and Portugal
The Great Divide in the Theory of Crisis. A Critical Survey of Accounts of the Spanish Great Recession
Currency Crisis or Overproduction? A Marxian Analysis of the Exchange Rate Peg Collapse in Brazil
Nelson and Plosser revisited
British business cycles, 1270–1870
Seeing like a macroeconomist
Technology Shocks or Coloured Noise? Why real-business-cycle models cannot explain actual business cycles
Entrepreneurial Miscalculation and Business Cycles
Is the New Monetary Consensus Still Alive? A Critical Economic and Philosophical Appraisal
Visitando vizinhos
A Structural Vector Autoregression Model of the Uk Business Cycle
What goes up sometimes stays up
National or Global Uncertainty
Accounting for monetary and fiscal policy effects in a simple dynamic general equilibrium model
Raízes unitárias, flutuações econômicas e a “persistência” dos choques
Spanish Boom-bust Cycle Within the Euro Area
Reductionism in Economics
James Tobin
Equilíbrio e ciclos
O regime de metas de inflação no Brasil
Ciclos de comércio exterior
Seeing Like the Fed
Measuring business cycles in theRussianEmpire
Swinging All the Way
The New Keynesian Synthesis
The Keynes-Hayek Debate
The Solow Residual as a Black Box
How Saline Is the Solow Residual
The 1980s Property Boom
Will the New Keynesian Macroeconomics Resurrect the IS-LM Model
Retrospectives
New and Old Keynesians
Price Flexibility and Output Stability
The Use and Abuse of Equilibrium in Business Cycle Theory
Optimum Growth in an Aggregative Model of Capital Accumulation
Are Output Fluctuations Transitory?
Trends and random walks in macroeconmic time series
Production, growth and business cycles
Rational Expectations and the Theory of Price Movements
Time to Build and Aggregate Fluctuations
The Summation of Random Causes as the Source of Cyclic Processes
Econometric policy evaluation
Large Sample Properties of Generalized Method of Moments Estimators
The Economic Implications of Learning by Doing
The Role of Monetary Policy
Technical Change and the Aggregate Production Function
Variable Trends in Economic Time Series
Real Business Cycles
Are Government Bonds Net Wealth
Output Effects of Government Purchases
Increasing Returns and Long-Run Growth
Short-Run Analysis of Fiscal Policy in a Simple Perfect Foresight Model
A Contribution to the Theory of Economic Growth
| Unique citing works | 46 |
|---|---|
| Citations per year | 1,21 |
| Citation span | 1988 - 2026 (39) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 35 |