The business cycle : It s still a puzzle

  title={The business cycle : It s still a puzzle},
  author={Lawrence J. Christiano and Terry Fitzgerald},
Lawrence J. Christiano is a professor of economics at Northwestern University, a consultant to the Federal Reserve Bank of Chicago, and a research associate at the National Bureau of Economic Research. Terry J. Fitzgerald is an economist at the Federal Reserve Bank of Cleveland. The title of this article is modified from Kocherlakota’s (1996) article. The findings for business cycle analysis are similar to Kocherlakota’s for the equity premium puzzle. The authors are grateful for discussions… CONTINUE READING
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