Money, New-Keynesian macroeconomics and the business cycle

We show in this paper that the typical modern business cycle cannot be reduced to the real business cycles archetype. A monopolistic competition model with price adjustment costs, affected by technological and monetary shocks, better mimics the economic fluctuations in two countries with very differ...

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Bibliographic details
Volume: 37
Main Author: Hairault, Jean-Olivier
Portier, Franck
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: AMSTERDAM Elsevier B.V 1993
ELSEVIER SCIENCE BV
Elsevier
Elsevier Science Publishers
North Holland Publishing Company, etc
published in: European economic review Vol. 37; no. 8; pp. 1533 - 1568
Data of publication: 1993
ISSN: 0014-2921
1873-572X
EISSN: 1873-572X
Discipline: Economics
Series: European Economic Review
Subjects:
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 1993
RePEc IDEAS
RePEc
CrossRef
Academic OneFile (A&I only)
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