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Business Cycles

Author

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  • Sergio Rebelo

    (Northwestern University, NBER, and CEPR)

Abstract

This paper describes the empirical regularities of growth and business cycles that characterize market economies. Relatively little is know at this point about economic fluctuations in planned economies, partly because the system of national income accounting used by these countries produces information that is not easily comparable with data for market economies. Still, the lessons from market economies are likely to become increasingly relevant as planning economies rely more on market forces.

Suggested Citation

  • Sergio Rebelo, 2005. "Business Cycles," Annals of Economics and Finance, Society for AEF, vol. 6(2), pages 229-250, November.
    • Handle: RePEc:cuf:journl:y:2005:v:6:i:2:p:229-250
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    References listed on IDEAS

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    1. Claudia S. Gómez-López & Luis A.Puch, 2008. "Macroeconomic Consequences of International Commodity Price Shocks," Working Papers 2008-27, FEDEA.
    2. Gomes, Orlando, 2015. "Optimal resource allocation in a representative investor economy," Economic Modelling, Elsevier, vol. 50(C), pages 72-84.

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    More about this item

    Keywords

    Business cycles; Growth;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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