@article{TEXTUAL,
      recid = {6014},
      author = {Lucas, Robert E., Jr.},
      title = {An Equilibrium Model of the Business Cycle},
      journal = {Journal of Political Economy},
      address = {1975-12},
      number = {TEXTUAL},
      abstract = {This paper develops a theoretical example of a business  cycle, that is, a model economy in which real output  undergoes serially correlated movements about trend which  are not explainable by movements in the availability of  factors of production. The mechanism generating these  movements involves unsystematic monetary-fiscal shocks, the  effects of which are distributed through time due to  information lags and an accelerator effect. Associated with  these output movements are procyclical movements in prices,  procyclical movements in the share of output devoted to  investment, and, in a somewhat limited sense, procyclical  movements in nominal rates of interest.},
      url = {http://knowledge.uchicago.edu/record/6014},
}