NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Business Cycles: Theory, Evidence and Implications

Russell W. Cooper

NBER Working Paper No. 5994
Issued in April 1997
NBER Program(s):   EFG

This paper looks at recent advances in the study of aggregate fluctuations. Our emphasis is on three prominent areas of research: the stochastic growth model, economies which exhibit macroeconomic complementarities and models that emphasize heterogeneity. Each section of the paper outlines the theory, discusses relevant empirical evidence and then discusses some implications of the analysis.

download in pdf format
   (1795 K)

email paper

This paper is available as PDF (1795 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w5994

Users who downloaded this paper also downloaded these:
Zarnowitz w7010 Theory and History Behind Business Cycles: Are the 1990s the Onset of a Golden Age?
Battaglini and Coate w14047 Fiscal Policy over the Real Business Cycle: A Positive Theory
Basu and Taylor w7090 Business Cycles in International Historical Perspective
Rebelo w11401 Real Business Cycle Models: Past, Present, and Future
Eichenbaum w3432 Real Business Cycle Theory: Wisdom or Whimsy?
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us