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Intratemporal trade - PowerPoint PPT Presentation

RBC Objectives: explain business cycles with walrasiens equilibrium (market clearing conditions), no frictions Solution

The RBC approach (Real-Business-Cycle Model) ( Romer chapter 5, based on Prescott, 1986, Christiano and Eichenbaum , 1992, Baxter and King, 1993, Campbell, 1994. RBC Objectives: explain business cycles with walrasiens equilibrium (market clearing conditions), no frictions

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Intratemporal trade - PowerPoint PPT Presentation

RBC Objectives: explain business cycles with walrasiens equilibrium (market clearing conditions), no frictions Solution