Statements (26)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
macroeconomic model
|
| gptkbp:assumes |
rational expectations
representative agent market clearing intertemporal optimization |
| gptkbp:contrastsWith |
Keynesian models
|
| gptkbp:criticizedFor |
neglecting monetary factors
neglecting demand shocks |
| gptkbp:emphasizes |
technology shocks
|
| gptkbp:explains |
employment fluctuations
output fluctuations consumption fluctuations investment fluctuations |
| gptkbp:field |
macroeconomics
|
| gptkbp:firstPublished |
1982
|
| gptkbp:focusesOn |
business cycle fluctuations
|
| gptkbp:fullName |
gptkb:Real_Business_Cycle_model
|
| https://www.w3.org/2000/01/rdf-schema#label |
RBC model
|
| gptkbp:influenced |
gptkb:Dynamic_Stochastic_General_Equilibrium_models
New Classical macroeconomics |
| gptkbp:originatedIn |
gptkb:Finn_E._Kydland
gptkb:Edward_C._Prescott |
| gptkbp:publishedIn |
gptkb:Econometrica
|
| gptkbp:uses |
dynamic stochastic general equilibrium framework
|
| gptkbp:bfsParent |
gptkb:Mathematical_economics
|
| gptkbp:bfsLayer |
8
|