Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
rational expectations
market clearing |
| gptkbp:attributesFluctuationsTo |
technology shocks
productivity shocks |
| gptkbp:contrastsWith |
gptkb:Keynesian_economics
gptkb:Monetarist_theory |
| gptkbp:criticizedFor |
downplaying demand shocks
ignoring monetary factors |
| gptkbp:developedBy |
gptkb:Finn_E._Kydland
gptkb:Edward_C._Prescott |
| gptkbp:emphasizes |
real shocks
|
| gptkbp:explains |
employment fluctuations
output fluctuations |
| gptkbp:field |
macroeconomics
|
| gptkbp:focusesOn |
business cycle fluctuations
|
| gptkbp:hasModel |
gptkb:Dynamic_Stochastic_General_Equilibrium_(DSGE)_model
|
| https://www.w3.org/2000/01/rdf-schema#label |
Real Business Cycle Theory
|
| gptkbp:influenced |
gptkb:New_Neoclassical_Synthesis
|
| gptkbp:introducedIn |
1980s
|
| gptkbp:publishedIn |
gptkb:Time_to_Build_and_Aggregate_Fluctuations_(1982)
|
| gptkbp:relatedTo |
gptkb:New_Classical_Macroeconomics
|
| gptkbp:bfsParent |
gptkb:Business_Cycles
|
| gptkbp:bfsLayer |
6
|