The "ups and downs" of economic activity, defined in terms of periods of expansion or recession, are referred to as business cycles. After excluding the effect of inflation, the economy grows in real ...

state intervention is necessary to moderate the booms and busts in economic activity, otherwise known as the business cycle. There are three principal tenets in the Keynesian description of how the ...

The course covers the Real Business Cycle model, the New-Keynesian model ... These models and policy studies will highlight important economic mechanisms that are relevant to analyse a range of past ...

To do this, I study the macroeconomic consequences of government-administered interest rates in the neoclassical real business cycle model. When the government has the power to fix the safe real ...

I build a business cycle labor search-and-matching model with informal labor markets, which shows that different dimensions of institutional quality have similar effects on the size of the informal ...