Breitung, Jörg; Heinemann, Maik - In: Jahrbücher für Nationalökonomie und Statistik 217 (1998) 4, pp. 436-448
Summary Following standard real business cycle theory, long run economic growth and short run business cycle fluctuations are attributed to a series of productivity shocks propagated by the economic system which is assumed to be in a rational expectations equilibrium. Characterizing the...