2018年11月15日 · Real business cycle models state that macroeconomic fluctuations in the economy can be largely explained by technological shocks and changes in productivity. These changes in technological growth affect the decisions of …

Business cycles are created by rational agents responding optimally to real (not nominal) shocks - mostly fluctuations in productivity growth, but also fluctuations in government purchases, import prices, or pref-erences.

To make a good case for real business cycle theory, one must identify changes in the fundamental economic factors—consumer preferences, technology, and resource endowments—and then show that these changes can explain the observed changes in …

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The theory of real business cycles explains short-run economic fluctuations based on the assumptions of the classical theory. According to this theory, business cycles are the natural and efficient response of the economy to economic environment.

2024年3月22日 · Real Business-Cycle Theory (RBC) is an economic concept that views business cycle fluctuations as the result of real (i.e., non-monetary) shocks to the economy.

Business cycle theory aims to explain the uctuations in aggregate economy. Speci cally, two central questions need to answer: (i) what are the sources (shocks) of business cycles; (ii)...

2024年9月8日 · Real Business Cycle (RBC) Theory is an economic theory that focuses on real (i.e., inflation-adjusted) shocks to the economy as the primary cause of business cycle fluctuations.

Real Business Cycle Theory: a Guide, an Evaluation, and New Directions by Alan C. Stockman Introduction The purpose of real business cycle (RBC) mod- els is to explain aggregate fluctuations in busi- ness cycles without reference to monetary policy.

Real Business Cycle Theory This section of the textbook focuses on explaining the behavior of the busi-ness cycle. The terms business cycle, short-run macroeconomics, and eco-nomic fluctuations (preferred) are used synonymously. In general, we will study four broad classes of models to explain economic fluctuations: Real business cycle (RBC) theory