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"The Cowles Commission Approach, Real Business Cycle Theories, and New Keynesian Economics," in Michael T. Belongia and Michelle R. Garfinkel, eds., The Business Cycle: Theories and Evidence, Kluwer Academic Publishers, 1992, 133-147.
pdf file (776KB).

Abstract

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Comments

This paper is a defense of the Cowles Commission approach against other approaches. Some of the material in Chapter 1 in 1994#2 is based on this paper.