I am working on a non-stochastic (deterministic) version of the Real Business Cycle theory, RBC, that is, on achieving a deterministic proof that at the heart of business cycle lies technological change.

Let’s discuss whether it is possible to solve this problem?

The draft of this research is attached in the file “NON-STOCHASTIC RBC”.

Besides, for comparing these preliminary results with the traditional RBC, I need the series already generated by RBC researchers – the predicted and actual time series of USA about annual growth rates of GDP, Hours worked, etc; from 2000 and onwards.

I have managed to find “ancient” data only, published in 1989. This paper “Understanding Real Business Cycles” is also attached and contains these old data in pages 63-65.

But I failed to “dig out” something more recent,

and I would very much appreciate any help.

Sincerely yours,

Volodymyr Ryaboshlyk, Ph.D,

Fulbright Scholar at the University of Illinois Urbana-Champaign,

Center for Innovation Development, CID,

Similar questions and discussions