Information, heterogeneity and market incompleteness

Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach

Frank Smets, Rafael Wouters · American Economic Review · 2007 · 4.7K citations

Social Sciences, Business Economics, Economics +17

Income and Wealth Heterogeneity in the Macroeconomy

Per Krusell, Anthony A. Smith · Journal of Political Economy · 1998 · 2.3K citations

Social Sciences, Economics, Econometrics +13

Theory ahead of business-cycle measurement

Edward C. Prescott · Carnegie-Rochester Conference Series on Public Policy · 1986 · 1.5K citations

Social Sciences, Business Economics, Economics +7

Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices

Roy Radner · Econometrica · 1979 · 618 citations

Social Sciences, Economics, Asset Pricing +16

Is the technology-driven real business cycle hypothesis dead? Shocks and aggregate fluctuations revisited

Neville Francis, Valerie Ramey · Journal of Monetary Economics · 2005 · 599 citations

Social Sciences, Business Economics, Economics +9