Unformatted text preview: read the paper “ Real Business Cycle models: Past, present and future ,” by Sergio Rebelo. i Once you read it, do the following: z Write up a very brief summary of the paper. What are the main points of Rebelo? z As you read, you'll notice that there are a lot of ideas in the paper! Take two or three of them which seem interesting to you, and comment on them. z Do RBC models seem “right” to you? Why or why not? This report should be at least one page long. Use a standard size 12 font and double-space your typing (leave margins of 1 to 1.5 inches on all sides). i Rebelo, Sergio (2005), “ Real Business Cycle models: Past, present and future ,” NBER Working Paper 11401....
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- Spring '08
- Macroeconomics, real business cycle