Use Section 16.2 and other relevant academic literature to assess the following statement: 'real business cycle models
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Use Section 16.2 and other relevant academic literature to assess the following statement: 'real business cycle models are preferable to traditional Keynesian macroeconomic models as they are not based on ad hoc assumptions, but rather solid microfoundations, such as dynamic optimizing individuals and perfectly competitive markets'.
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Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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