PL EN


2004 | 3 | 359-378
Article title

Money in models of real business cycle

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The perception of real business cycle (RCB) conceived in the early 1980s has helped to merge periodic oscillation with growth theory. In their initial form the RBC models were short of any monetary variables. Money was only later included in equations that replicate the economic system. Analysis of those models were used to support the view that money itself is not determining business oscillations and that it could be perceived as a variable that is internally influenced by the real sphere. The inclusion of money into RBC model has not, however, produced unequivocal results. The need to study the interactions between business cycle oscillations and the monetary variables in greater detail is still felt.
Keywords
Year
Issue
3
Pages
359-378
Physical description
Document type
ARTICLE
Contributors
author
  • M. Kruszka, Akademia Ekonomiczna w Poznaniu, Katedra Mikroekonomii, Al. Niepodleglosci 10, 60-967, Poznan, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
04PLAAAA00011
YADDA identifier
bwmeta1.element.a15a92a5-a370-3943-891e-bdb7e68630ed
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