Macroeconomic model reference

RBC Simplified Model

A stripped-down real business cycle model that isolates technology shocks, capital accumulation, and labor choice in a minimal dynamic framework.

DSGE models · Sources

RBC Simplified sources, papers, and evidence trail

Primary papers, model variants, source notes, and review signals behind the RBC Simplified page.

Reference material used for orientation; read primary and academic sources first when claims conflict.

[S1] Reference
Kydland and Prescott (1982) -- Time to Build and Aggregate Fluctuations. The original RBC paper; the simplified version drops their multi-period investment gestation.
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[S2] Reference
Long and Plosser (1983) -- Real Business Cycles. Multisector version emphasizing propagation across industries.
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[S3] Reference
Romer (2019, Ch. 5) -- Advanced Macroeconomics. Standard graduate textbook treatment of the simplified model.
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[S4] Reference
Williamson (2018, Ch. 11) -- Macroeconomics. Intermediate-level exposition with graphical intuition.
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