Bergoeing, Raphael; Suarez, Juan Enrique - In: Revista de Analisis Economico – Economic Analysis Review 16 (2001) 1, pp. 145-166
Since the publication of the 1982 Kydland and Prescott’s paper, the business cycles literature has experienced significant changes. The traditional view characterized by product fluctuations mainly accounted for by nominal factors was replaced - at least in part - by models where all...