This 1988 Journal of Monetary Economics paper by Robert King, Charles Plosser, and Sergio Rebelo presents the neoclassical one-sector model of capital accumulation, augmented with a labor-leisure …
PublishedClassicJournal of Economic PerspectivesPublished Aug 1989
This 1989 Journal of Economic Perspectives essay by Charles Plosser is a sympathetic introduction to real business cycle (RBC) theory, written as a counterpart to Mankiw's companion critique in the …