RBC Theory and the Current Financial Crisis
Author(s):
Abstract:
Today, real business cycles theory, subject reports, articles, letters thesis has many worldwide. It seems since the main point in the theory of business cycles is a true technology shocks, this theory can be considered a theory of economic boom. In other words this theory in describing the capabilities to create greater prosperity to recession and the anatomy of the business cycles is an asymmetric behavior. In this article the authors use an analytical technique to show that they intend to remove the rules and regulations not to date against the growth and technology innovation in financial markets the main reason for the recent economic downturn has created and therefore in contradiction with this idea theorist theory of real business cycles and hence the current financial crisis, including the serious challenges facing them know. Other hand, gains of this article can show aspects of technology shocks main business cycle is created and so this paper can be used emphasis on research that shocks are demand side.
Language:
Persian
Published:
Monetary And Financial Economics, Volume:18 Issue: 1, 2012
Page:
78
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