This paper traces the evolution of John Maynard Keynes's theory of the business cycle from his early writings in 1913 … "theories" of business fluctuations. With different theoretical frameworks in a 30-year span, the driver of fluctuations- namely … major changes in the evolution of Keynes's business cycle theories: a) the saving- investment framework to understand …

the employer-employee link in the data and find evidence of state-dependent pay setting, depending on the business cycle …

We formulate and estimate a business cycle model which can account for key business cycle properties of labor market …