Real Business Cycle theory (RBC) combines the remains of monetarism with classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. The work contains articles introducing and extending the theory as well as critical literature. The introduction contains an expository summary and critical evaluation of RBC theory.

Real Business Cycle theory (RBC) combines the remains of monetarism with classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. The work contains articles introducing and extending the theory as well as critical literature. The introduction contains an expository summary and critical evaluation of RBC theory.