Business Cycle Models with Endogenous Technology
比较了有无内生技术变化的真实和货币商业周期模型，发现内生技术下两类模型产出过程相似，且总需求变化可永久改变生产率、就业和产出。
This paper compares real and monetary business cycle models with and without endogenous technical change. If technology is endogenous, the properties of these models change significantly. In particular, both real and monetary models yield very similar output processes if growth is endogenous, and changes in aggregate demand can result in permanent changes in productivity, employment, and output. The effect of depreciation of technology is examined, and the pattern of real wage movements over the cycle when money wages are fixed, but technology is changing, is briefly considered. Copyright 1990 by American Economic Association.