Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...

Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...

Finn E. Kydland and Edward C. Prescott (1991), 'Hours and Employment Variation in Business Cycle Theory', Economic Theory, 1 (1), January, 63-81 -- David K. Backus, Patrick J. Kehoe and Finn E. Kydland (1992), 'International Real Business Cycles', Journal of Political Economy, 100 (4), August,...