Real business-cycle theory
id:
real-business-cycle-theory-210-2276952
title:
Real business-cycle theory
text:
Real business-cycle theory is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real shocks. Unlike other leading theories of the business cycle, RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment. That is, the level of national output necessarily maximizes expected utility, and governments should therefore concentrate on long-run structural policy changes and not inter
brand slug:
wiki
category slug:
encyclopedia
description:
Macroeconomic model
original url:
https://en.wikipedia.org/wiki/Real_business-cycle_theory
date created:
2004-03-06T15:07:49Z
date modified:
2024-09-11T17:45:42Z
main entity:
{"identifier":"Q1331704","url":"https://www.wikidata.org/entity/Q1331704"}
image:
fields total:
13
integrity:
15