growth and cycles

Gadi Barlevy
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

There is a long tradition in macroeconomics of treating growth and cycles as distinct phenomena. However, various economists have also recognized the virtue of incorporating the two forces into a single framework and to study the way they are related. This article reviews this literature, with emphasis on attempts not only to integrate growth and cycles into a single framework but also to endogenize growth, cycles, or both.
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How to cite this article

Barlevy, Gadi. "growth and cycles." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 23 September 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_G000127> doi:10.1057/9780230226203.0685

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