Real business cycles : a reader / edited by James E. Hartley, Kevin D. Hoover and Kevin D. Salyer.

Acknowledgements, xi -- Part I. Introduction -- 1. The limits of business cycle research, 3 -- 2. A user's guide to solving real business cycle models, 43 -- Part II. The foundations of real business cycle modeling -- 3. Time to build and aggregate fluctuations / Finn E. Kydland and Edward C. Prescott, 57 -- 4. Theory ahead of business cycle measurement / Edward C. Prescott, 83 -- 5. Some skeptical observations on real business cycle theory / Lawrence H. Summers, 97 -- 6. Response to a skeptic / Edward C. Prescott, 102 -- 7. Production, growth, and business cycles I: The basic neoclassical model / Robert G. King, Charles I. Plosser and Sergio T. Rebelo, 108 -- Part III. Some extensions -- 8. Indivisible labor and the business cycle / Gary D. Hansen, 149 -- 9. The labor market in real business cycle theory / Gary D. Hansen and Randall Wright, 168 -- 10. Current real business cycle theories and aggregate labor market fluctuations / Lawrence J. Christiano, and Martin Eichenbaum, 179 -- 11. The inflation tax in a real business cycle model / Thomas F. Cooley and Gary D. Hansen, 200 -- Part IV. The methodology of equilibrium business cycle models -- 12. The econometrics of the general equilibrium approach to business cycles / Finn E. Kydland and Edward C. Prescott, 219 -- 13. The computational experiment: An econometric tool / Finn E. Kydland and Edward C. Prescott, 237 -- 14. The empirical foundations of calibration / Lars Peter Hansen and James J. Heckman, 254 -- 15. Facts and artifacts: Calibration and the empirical assessment of real-business-cycle models / Kevin D. Hoover, 272 -- Part V. The critique of calibration methods -- 16. Calibration as testing: Inference in simulated macroeconomic models / Allan W. Gregory and Gregor W. Smith, 295 -- 17. Measures of fit for calibrated models / Mark W. Watson, 302 -- 18. Statistical inference in calibrated models / Fabio Canova, 333 -- 19. Sensitivity analysis and model evaluation in simulated dynamic general equilibrium economies / Fabio Canova, 355 -- Part VI. Testing the real business cycle model -- 20. Business cycles: Real facts and a monetary myth / Finn E. Kydland and Edward C. Prescott, 383 -- 21. Time-to-build and aggregate fluctuations: Some new evidence / Sumru Altug, 399 -- 22. Evaluating a real business cycle model / Fabio Canova, M. Finn, and A.R. Pagan, 431 -- 23. I. Plosser. Real business cycles and the test of the Adelmans / Robert G. King and Charles, 462 -- 24. Calibration and real business cycle models: An unorthodox experiment / James E. Hartley, Kevin D. Salyer and Steven M. Sheffrin, 496 -- 25. Real business-cycle theory: Wisdom or whimsy / Martin Eichenbaum, 513 -- 26. Did technology shocks cause the 1990-1991 recession? / Gary D. Hansen and Edward C. Prescott, 533 -- Part VII. The Solow residual -- 27. Technical change and the aggregate production function / Robert M. Solow,543 -- 28. Real business cycles: A new Keynesian perspective / N. Gregory Mankiw, 552 -- 29. The discovery of the residual: A historical note / Zvi Griliches, 564 -- 30. Output dynamics in real business cycle models / Timothy Cogley and James M. Nason, 571 -- Part VIII. Filtering and detrending -- 31. Postwar US business cycles: An empirical investigation / Robert J. Hodrick and Edward C. Prescott, 593 -- 32. Detrending, stylized facts and the business cycle / A.C. Harvey and A. Jaeger, 609 -- 33. Effects of the Hodrick- Prescott filter on trend and difference stationary time series: Implications for business cycle research / Timothy Cogley and James M. Nason, 626 -- Index, 652.