Journal Article
New Classical and New Keynesian models of business cycles
Abstract: A presentation of simple, but complete, New Classical and New Keynesian models of the economy and business cycles that illustrate the central force behind fluctuations in each. Theoretical and statistical arguments for and against each model are discussed.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1985-quarter-4-4130?page=22
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1985
Issue: Q IV
Pages: 20-35