Exogenous Shocks

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1 Types

August 31, 2024 4 min read Definitions

Real Business Cycle: A Theory of Economic Fluctuations

Economics Finance Business Cycle Economics Theory Total Factor Productivity Economic Fluctuations Exogenous Shocks

Real Business Cycle (RBC) theory explains the source of economic fluctuations through persistent random shocks to technology or total factor productivity, suggesting that cyclical fluctuations are efficient responses to these exogenous shocks without the need for government intervention.

August 31, 2024 5 min read Definitions

Structural Break: One-off Changes in Time-Series Models

Economics Statistics Time Series Analysis Macroeconomics Policy Change Exogenous Shocks Data Analysis

A comprehensive exploration of structural breaks in time-series models, including their historical context, types, key events, explanations, models, diagrams, importance, examples, considerations, related terms, comparisons, interesting facts, and more.