Abstract The Real Business Cycle (RBC) research program has grown specularly over the
last decade, as its concepts and methods have diffused into mainstream macroeconomics …

Firm entry and exit amplify and propagate the effects of aggregate shocks, leading to greater
persistence and unconditional variation of aggregate quantities. Following a positive …

This paper builds a framework for the analysis of macroeconomic fluctuations that
incorporates the endogenous determination of the number of producers and products over …

This book studies the implications of macroeconomic complementarities for aggregate
behavior. The presentation is intended to introduce Ph. D. students into this sub-field of …

It is well known that under the assumptions of constant returns to scale, perfect competition,
and the absence of factor hoarding, primal and dual productivity measures should be highly …

Cloud computing is a new general purpose Internet-based technology through which
information is stored in servers and provided as a service and on-demand to clients …

Many positive and normative results in models using the monopolistic competition
framework of the Dixit-Stiglitz-Spence type depend on the value of an important parameter …

This paper analyzes the plant-level entry and exit over the business cycle. We document
basic patterns of entry and exit of US manufacturing plants between 1972 and 1997. We find …

This paper studies the role of endogenous producer entry and product creation for monetary
policy analysis and business cycle dynamics in a general equilibrium model with imperfect …

Although it has long been recognized that the secretion of growth hormone (GH) differs
between adult men and women, the mechanisms involved remain to be fully'elucidated. A …