Ireland, Peter N. (contributor) - 2006 - This version: November 2005
through Kydland and Prescott’s (1982) real business cycle model, while
also drawing on insights from earlier work in New Keynesian economics … work in the context of dynamic, stochastic,
general equilibrium models.
JEL Classifications: E52
Peter N. Ireland is Professor of Economics ….edu/~irelandp, respectively.
This paper was prepared for The New Palgrave Dictionary of Economics, Second Edition, edited by Lawrence
Blume …