Explore: Business Cycle Theory

Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics seeking to explain how business cycles occur.

Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real

Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business

Social cycle theories are among the earliest social theories in sociology. Unlike the theory of social evolutionism, which views the evolution of society

Macroeconomic theory has its origins in the study of business cycles and monetary theory. In general, early theorists believed monetary factors could not

business cycle theory by Greenwood, Hercowitz, and Huffman (1988). They illustrated how capacity utilization is important for getting business cycle correlations

imperfections demonstrated with small models and new classical work on real business cycle theory that used fully specified general equilibrium models and used changes

Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. Endogenous growth theory holds that investment

Keynesian economics developed in the 1980s and earlier with Real Business Cycle Theory. RBC models were dynamic but assumed perfect competition; new Keynesian

of economics, particularly welfare economics, but also included business cycle theory, unemployment, public finance, index numbers, and measurement of