真实经济周期理论探析及其比较分析

A Research on Real Business Cycle

真实经济周期理论产生于20世纪80年代,属于第二代新古典宏观经济学理论。该理论认为,经济周期波动的根源在于技术冲击、劳动供给的跨时替代等因素。对比分析其与凯恩斯主义、货币主义和早期新古典宏观经济学的经济周期理论的异同表明,真实经济周期理论在中国具有一定的适用性。

Arising in 1980s, real business cycle theory is a part of the second generation theory of neoclassical theory holds that the root of business fluctuation is impact of technologies and intertemporal substitution of labor supply. The contrast of this theory with Keynesianism, monetarism, and early neoclassical macroeconomics shows that real business cycle can apply to China in some respect.