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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.

OverviewGraphEquilibriumCompareReferences

DSGE models · Sources

RBC Simplified sources, papers, and evidence trail

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

References

Reference sources

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

  1. [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.

    Reference

  2. [S2] Reference

    Long and Plosser (1983) -- Real Business Cycles. Multisector version emphasizing propagation across industries.

    Reference

  3. [S3] Reference

    Romer (2019, Ch. 5) -- Advanced Macroeconomics. Standard graduate textbook treatment of the simplified model.

    Reference

  4. [S4] Reference

    Williamson (2018, Ch. 11) -- Macroeconomics. Intermediate-level exposition with graphical intuition.

    Reference

How to read this list

Sources are grouped by directness. Start with official releases and methodology pages for measurement claims, then use academic and working-paper sources for mechanisms, identification, and interpretation.

Source mix

  • Reference sources4

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Concepts, data, and nearby models

Open the concept, data series, policy setting, or neighboring model that anchors this page.

Concepts

Business cyclesEconomic growthAD-ASExpectations

Indicators

Real GDPgdp.realHeadline CPIprices.cpi.headlinePolicy ratemoney.policy_rate

Policy

Monetary policyFiscal policy

Nearby models

RBC DSGENew Keynesian DSGEHANK-lite
Macro by Mark

Global economic data, empirical models, and macro theory
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Public data from government agencies and multilateral statistical releases, anchored in official sources.

© 2026 Mark Jayson Nation

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