The second type of model is the real business cycle model (Ricardian model). This is a model that assumes Ricardian equivalence.
第二类模型是真实经济周期模型,即李嘉图模型,其理论前提是李嘉图等价。
This process takes more time in the New Keynesian model than in the real business cycle model because of rigidities in wages and prices.
由于工资和价格的刚性,新凯恩斯模型中此过程所花费的时间要多于真实经济周期模型中花费的时间。
By introducing "financial accelerator" into Real Business Cycle model, this paper studies the effect of asymmetric information on economy.
本文将在RBC模型引入“金融加速器”来分析金融信贷市场中存在的信息不对称对经济所造成的影响。
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