Time to Build and Aggregate Fluctuations,Finn E Kydland,Edward C Prescott

• ...¹ This framework builds on the seminal paper of Kydland and Prescott (1982) and the Real Business Cycle school, which was enhanced with Keynesian-type of nominal rigidities, like in the important work of Smets and Wouters (2003), resulting in neoclassical synthesis – see e...

Michał Gradzewicz, et al. The business cycle implications of the euro adoption in Poland

• ...For instance, variants of aggregate production functions in these forms are central to real business cycle theory, as first proposed by Kydland and Prescott (1982), and to related Dynamic Stochastic General Equilibrium (DSGE) models that seek to explain the causes of short-run output fluctuations and what fiscal and monetary policy responses may be appropriate...

Anthony J. Makin, et al. New measures of factor productivity in Australia: a Sato approach

• ...An important strand of the macroeconomic literature has stressed the importance of technology shocks in driving business cyclefluctuations (Kydland and Prescott 1982)...

Luis A. Gil-Alana, et al. Fractional integration and structural breaks in U.S. macro dynamics

• ...The real-business-cycle (RBC) literature, exemplified by the work of Kydland and Prescott (1982) and its subsequent extensions, interprets the bulk of aggregate fluctuations observed in the postwar U.S...

Dandan Liu, et al. A dual measure of correlation between the Solow residual and output gr...

• ...The nonseparable function resembles the proposal put forward by Kydland and Prescott (1982) where