After a long hibernation, the business cycle theory began to take a new and vigorous interest in macroeconomic analysis starting from the 1970s (2). It is no coincidence that it was during this same period that the major market economies were experiencing a greater variability in the real ...
The real business cycle theory belongs to the liberal school of the western economics,which breaks through the monetary cycle theory.The real business cycle theory regards the accidental and real impact such as the technological impact from the supply as the root of the economic fluctuation.It stat...
According to the real business cycle (RBC) theory, recessions are the result ofA.a fall in growth rate of productivity.B.an increase in growth rate of the quantity of money.C.an increase in investment.D.a decrease in growth rate of the quantity of money.
662、Real-business-cycle theory 真实商业周期理论 认为商业周期纯粹是总供给的变动(主要由技术扰动造成),与货币或其他需求方面的因素无 关。 663、Real GDP 实际 GDP 见实际的国内总产值(gross domestic product, real)。 664、Real interest rate 实际利率 以商品而不是以货币衡量的利率。所以它等于货币(或名义)...
According to real business cycle theory the money multiplier explains money-output correlations because nominal policy is impotent. This paper re-examines the key assumptions of the multiplier approach and presents empirical evidence for five countries. The main conclusions are as follows. First, base...
Chapter 11 Market-Clearing Models of the Business Cycle:商业周期的第11章市场出清模型.doc,Macroeconomics, 3e (Williamson) Chapter 11 Market-Clearing Models of the Business Cycle 1) Real business cycle theory was introduced by A) Milton Friedman and Rober
Real Business Cycle Theory and the Great Depression: The Abandonment of the Abstentionist Viewpoint.Is the Great Depression amenable to real business cycle theory? In the 1970s and 1980s Lucas and Prescott took an abstentionist stance. They maintained that, because of its exceptional character, ...
662、Real-business-cycle theory 真实商业周期理论 认为商业周期纯粹是总供给的变动(主要由技术扰动造成),与货币或其他需求方面的因素无关。 663、Real GDP 实际GDP 见实际的国内总产值(gross domestic product, real)。 664、Real interest rate 实际利率 以商品而不是以货币衡量的利率。所以它等于货币(或名义)...
business cycle n (Economics)chieflyUSandCanadianthe recurrent fluctuation between boom and depression in the economic activity of a capitalist country. Also called:trade cycle Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, ...
The labor market in real business cycle theory The standard real business cycle model fails to adequately account for two facts found in the U.S. data: the fact that hours worked fluctuate considerably ... GD Hansen,R Wright - 《Quarterly Review》 被引量: 274发表: 1992年 ...