The abcs of rbcs is the first book to provide a basic introduction to real business cycle rbc and new keynesian models these models argue that random shocks new inventions droughts and wars in the case of pure rbc models and monetary and fiscal policy and international investor risk aversion in more open interpretations can trigger booms and recessions and can account for much of . Economic dynamic model was employed in this paper it is economic growth model that inserts time into each variable used cobb douglass equation was utilized to estimate output capital stock at . The abcs of rbcs an introduction to dynamic macroeconomic models written by george mccandless 2008 edition publisher harvard university press hardcover books amazonca. The abcs of rbcs an introduction to dynamic macroeconomic models inproceedingsmccandless2008theao titlethe abcs of rbcs an introduction to dynamic macroeconomic models authorg mccandless year2008 g mccandless published 2008 economics preface introduction part one basic models and solution methods 1 the basic solow model the basic model technological growth the . The abcs of rbcs is the first book to provide a basic introduction to real business cycle rbc and new keynesian models