This work analyses business cycle theories from the beginning of XIX century till the recent debate on real business cycles. It argues that the DSGE models cannot deal with the complexities of modern economies and argues that Keynes' and Minsky analyses are much more promising.
Crisi e teorie del ciclo nel pensiero economico tra ottocento e novecento
PAVANELLI, Giovanni
2014-01-01
Abstract
This work analyses business cycle theories from the beginning of XIX century till the recent debate on real business cycles. It argues that the DSGE models cannot deal with the complexities of modern economies and argues that Keynes' and Minsky analyses are much more promising.
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