Business Cycles: Theory, Evidence and Implications

48 Pages Posted: 24 Jul 2000

See all articles by Russell Cooper

Russell Cooper

University of Texas at Austin - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: April 1997

Abstract

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.

Suggested Citation

Cooper, Russell W., Business Cycles: Theory, Evidence and Implications (April 1997). NBER Working Paper No. w5994. Available at SSRN: https://ssrn.com/abstract=225773

Russell W. Cooper (Contact Author)

University of Texas at Austin - Department of Economics ( email )

Austin, TX 78712
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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