1 Discuss And Critically Assess The Success Of Real Business Cycle

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1. Discuss and critically assess the success of real business cycle models in
explaining the stylized facts seen in the data on international co—movement
of macroeconomic variables. 2. Which macroeconomic variables should an independent central bank be mandated
to stabilize in an open economy? Discuss and provide a theoretical justification
for your answer. Macroeconomics