Statements (26)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
rational expectations
market clearing flexible prices |
| gptkbp:contrastsWith |
gptkb:Keynesian_economics
monetary business cycle theory |
| gptkbp:criticizedFor |
downplaying demand shocks
neglecting monetary factors |
| gptkbp:developedBy |
gptkb:Finn_E._Kydland
gptkb:Edward_C._Prescott |
| gptkbp:emphasizes |
real shocks
technology shocks |
| gptkbp:explains |
employment fluctuations
output fluctuations productivity changes |
| gptkbp:field |
macroeconomics
|
| gptkbp:focusesOn |
business cycle fluctuations
|
| https://www.w3.org/2000/01/rdf-schema#label |
Real business cycle theory
|
| gptkbp:influencedBy |
neoclassical economics
|
| gptkbp:originatedIn |
1980s
|
| gptkbp:publishedIn |
gptkb:Journal_of_Political_Economy
|
| gptkbp:relatedTo |
gptkb:Lucas_critique
New classical macroeconomics |
| gptkbp:uses |
dynamic stochastic general equilibrium models
|
| gptkbp:bfsParent |
gptkb:Macroeconomic_Theory
|
| gptkbp:bfsLayer |
6
|