Supporters of RBC theory claim that business cycles arise due to changes in real factors, instead of monetary factors, in the economy.

Real business cycle theory is the latest incarnation of the classical view of economic fluctuations. It assumes that there are large random fluctuations.

The Real Business Cycle Theory. Chapter. pp 105–136; Cite this chapter ... DOI : https://doi.org/10.1007/978-1-349-23183-6_5. Publisher Name: Palgrave ...

Real business cycle theory is still in its infancy and thus remains an incomplete theory of the business cycle. Yet the progress to date has had a ...

This paper assesses the empirical plausibility of the view that aggregate productivity stocks account for most of the variability in post-World War II US ...

Provides an overview of the real business cycle research agenda, tackling the main theoretical and empirical issues.

Provides an overview of the real business cycle research agenda, tackling the main theoretical and empirical issues. ... https://doi.org/10.1108/01443589910258489.

We conclude by describing a future research project that delves deeper into the question of whether there are in fact significant deviations between theory and ...

We construct examples of real business-cycle sample paths for output, consumption, and employment for the US economy.

11 июн. 1998 г. · Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant ...