Before using a specific model to analyze economic data or policies, economists must have confidence that the model will fit the data along certain dimensions. One of the goals of modern business cycle research has been to develop economic models that mimic the …
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CITATION STYLE
McGrattan, E. R. (1994). A Progress Report on Business Cycle Models. Quarterly Review, 18(4). https://doi.org/10.21034/qr.1841