{"id":"https://openalex.org/W2165680010","doi":"https://doi.org/10.4324/9780203443965.ch17","title":"Understanding real business cycles","display_name":"Understanding real business cycles","publication_year":1997,"publication_date":"1997-08-29","ids":{"openalex":"https://openalex.org/W2165680010","doi":"https://doi.org/10.4324/9780203443965.ch17","mag":"2165680010"},"language":"en","primary_location":{"id":"doi:10.4324/9780203443965.ch17","doi":"https://doi.org/10.4324/9780203443965.ch17","is_oa":false,"landing_page_url":"https://doi.org/10.4324/9780203443965.ch17","pdf_url":null,"source":{"id":"https://openalex.org/S4306463855","display_name":"Routledge eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"A Macroeconomics Reader","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W633744662","display_name":"A Macroeconomics Reader"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061750886","display_name":"Charles I. Plosser","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Charles Plosser","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5061750886"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.8571,"has_fulltext":false,"cited_by_count":32,"citation_normalized_percentile":{"value":0.92595606,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9848999977111816,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.006899999920278788,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.004900000058114529,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-business-cycles","display_name":"real business cycles","score":0.9490000009536743},{"id":"https://openalex.org/keywords/business-cycle-theory","display_name":"business cycle theory","score":0.7979999780654907},{"id":"https://openalex.org/keywords/keynesian-economics","display_name":"Keynesian economics","score":0.9169999957084656},{"id":"https://openalex.org/keywords/phillips-curve","display_name":"Phillips curve","score":0.8500000238418579},{"id":"https://openalex.org/keywords/aggregate-demand","display_name":"aggregate demand","score":0.6909999847412109},{"id":"https://openalex.org/keywords/microeconomic-foundations","display_name":"microeconomic foundations","score":0.6700000166893005},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.7919999957084656},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.9850000143051147},{"id":"https://openalex.org/keywords/economic-stabilization","display_name":"economic stabilization","score":0.5440000295639038},{"id":"https://openalex.org/keywords/economic-crisis-of-the-1970s","display_name":"1970s economic crisis","score":0.7490000128746033}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.41149672865867615},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3502976596355438}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.4324/9780203443965.ch17","doi":"https://doi.org/10.4324/9780203443965.ch17","is_oa":false,"landing_page_url":"https://doi.org/10.4324/9780203443965.ch17","pdf_url":null,"source":{"id":"https://openalex.org/S4306463855","display_name":"Routledge eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"A Macroeconomics Reader","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","score":0.6899999976158142,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W581069325","https://openalex.org/W1488475723","https://openalex.org/W1528221582","https://openalex.org/W1533662904","https://openalex.org/W1542618663","https://openalex.org/W1554927210","https://openalex.org/W1572251260","https://openalex.org/W1703197180","https://openalex.org/W1985893732","https://openalex.org/W1989864366","https://openalex.org/W2005446240","https://openalex.org/W2028995298","https://openalex.org/W2032646347","https://openalex.org/W2038532793","https://openalex.org/W2040156430","https://openalex.org/W2043601631","https://openalex.org/W2047560619","https://openalex.org/W2050541872","https://openalex.org/W2051325163","https://openalex.org/W2052489773","https://openalex.org/W2053001033","https://openalex.org/W2055136905","https://openalex.org/W2062932953","https://openalex.org/W2068615580","https://openalex.org/W2070631858","https://openalex.org/W2070720254","https://openalex.org/W2078902383","https://openalex.org/W2082503759","https://openalex.org/W2086648808","https://openalex.org/W2086967887","https://openalex.org/W2090755977","https://openalex.org/W2099268311","https://openalex.org/W2110456040","https://openalex.org/W2114907228","https://openalex.org/W2146207816","https://openalex.org/W2146701609","https://openalex.org/W2152717893","https://openalex.org/W2159329393","https://openalex.org/W2164498579","https://openalex.org/W2166490115","https://openalex.org/W2168605160","https://openalex.org/W2331618487","https://openalex.org/W2333257832","https://openalex.org/W2333836031","https://openalex.org/W2798853955","https://openalex.org/W2941218166","https://openalex.org/W3121299225","https://openalex.org/W3121659722","https://openalex.org/W3121750864","https://openalex.org/W3122992687","https://openalex.org/W3123389761","https://openalex.org/W4231129710","https://openalex.org/W4253177366","https://openalex.org/W4285719527","https://openalex.org/W4300006923","https://openalex.org/W4300944047","https://openalex.org/W4301462903"],"related_works":["https://openalex.org/W2461946709","https://openalex.org/W4250954997","https://openalex.org/W4211218016","https://openalex.org/W7099487176","https://openalex.org/W7097322293","https://openalex.org/W166544371","https://openalex.org/W1665495508","https://openalex.org/W4254350191","https://openalex.org/W3201396789","https://openalex.org/W1574755330"],"abstract_inverted_index":{"The":[0,18,60,79,119,198],"1960s":[1],"were":[2],"a":[3,105,130,144,169],"time":[4],"of":[5,36,121,132,140,177],"great":[6],"optimism":[7],"for":[8,32,89,147,164],"macroeconomists.":[9],"Many":[10],"economists":[11],"viewed":[12],"the":[13,22,29,34,68,90,96,117,122,126,136,155,161,179,188],"business":[14,123,170],"cycle":[15,124,171],"as":[16,104,143],"dead.":[17],"Keynesian":[19,97,157,201],"model":[20],"was":[21,50,58,66,83,101,159,203],"reigning":[23],"paradigm":[24],"and":[25,38,53,135],"it":[26,174,209],"provided":[27],"all":[28],"necessary":[30],"instructions":[31],"manipulating":[33],"levers":[35],"monetary":[37,194],"fiscal":[39,196],"policy":[40],"to":[41,84,115,183],"control":[42],"aggregate":[43,48,91],"demand.":[44],"Inflation":[45],"occurred":[46],"if":[47,56,208],"demand":[49,57],"stimulated":[51],"excessively":[52],"unemployment":[54],"arose":[55],"insufficient.":[59],"only":[61],"dilemma":[62],"faced":[63],"by":[64,95],"policymakers":[65,111],"determining":[67],"most":[69],"desirable":[70],"location":[71],"along":[72],"this":[73,100],"inflation-unemployment":[74],"tradeoff":[75],"or":[76,191,195],"Phillips":[77],"curve.":[78],"remaining":[80],"intellectual":[81],"challenge":[82],"establish":[85],"coherent":[86],"microeconomic":[87],"foundations":[88,213],"behavioral":[92],"relations":[93],"posited":[94],"framework,":[98],"but":[99],"broadly":[102],"regarded":[103],"detail":[106],"that":[107,154,200],"should":[108],"not":[109,160],"deter":[110],"in":[112,125,187,193],"their":[113],"efforts":[114],"stabilize":[116],"economy.":[118],"return":[120],"1970s":[127],"after":[128],"almost":[129],"decade":[131],"economic":[133,189],"expansion,":[134],"accompanying":[137],"high":[138],"rates":[139],"inflation,":[141],"came":[142],"rude":[145],"awakening":[146],"many":[148],"economists.":[149],"It":[150],"became":[151],"increasingly":[152],"apparent":[153],"basic":[156],"framework":[158],"appropriate":[162],"vehicle":[163],"understanding":[165],"what":[166],"happens":[167],"during":[168],"nor":[172],"did":[173],"seem":[175],"capable":[176],"providing":[178],"empirically":[180],"correct":[181],"answers":[182],"questions":[184],"involving":[185],"changes":[186,192],"environment":[190],"policy.":[197],"view":[199],"economics":[202],"an":[204],"empirical":[205],"success":[206],"even":[207],"lacked":[210],"sound":[211],"theoretical":[212],"could":[214],"no":[215],"longer":[216],"be":[217],"taken":[218],"seriously.":[219]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
