“Models of Business Cycles”
E455405
“Models of Business Cycles” is an influential economics book by Robert Lucas Jr. that develops a rigorous, microfounded theory of business cycle fluctuations using rational expectations and real business cycle methodology.
All labels observed (1)
| Label | Occurrences |
|---|---|
| “Models of Business Cycles” canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T4586426 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: “Models of Business Cycles” Context triple: [Robert Lucas Jr., notableWork, “Models of Business Cycles”]
-
A.
National Bureau of Economic Research studies in business cycles
National Bureau of Economic Research studies in business cycles is a scholarly series of empirical and historical research volumes analyzing fluctuations and long-term patterns in the U.S. and global economies.
-
B.
Monetary Policy, Inflation, and the Business Cycle
"Monetary Policy, Inflation, and the Business Cycle" is a widely cited macroeconomics book that develops and applies New Keynesian models to analyze how monetary policy affects inflation dynamics and economic fluctuations.
-
C.
Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?
"Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?" is an influential macroeconomics paper by Jordi Galí that empirically evaluates the ability of real business cycle models driven by technology shocks to explain postwar U.S. economic fluctuations.
-
D.
A Contribution to the Theory of the Trade Cycle
A Contribution to the Theory of the Trade Cycle is an influential economic work by John R. Hicks that develops a formal model to explain the causes and dynamics of business cycles.
-
E.
Business Cycles in the United States of America, 1919–1932
"Business Cycles in the United States of America, 1919–1932" is an influential econometric study by Jan Tinbergen that analyzes and models U.S. economic fluctuations during the interwar period.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: “Models of Business Cycles” Target entity description: “Models of Business Cycles” is an influential economics book by Robert Lucas Jr. that develops a rigorous, microfounded theory of business cycle fluctuations using rational expectations and real business cycle methodology.
-
A.
National Bureau of Economic Research studies in business cycles
National Bureau of Economic Research studies in business cycles is a scholarly series of empirical and historical research volumes analyzing fluctuations and long-term patterns in the U.S. and global economies.
-
B.
Monetary Policy, Inflation, and the Business Cycle
"Monetary Policy, Inflation, and the Business Cycle" is a widely cited macroeconomics book that develops and applies New Keynesian models to analyze how monetary policy affects inflation dynamics and economic fluctuations.
-
C.
Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?
"Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?" is an influential macroeconomics paper by Jordi Galí that empirically evaluates the ability of real business cycle models driven by technology shocks to explain postwar U.S. economic fluctuations.
-
D.
A Contribution to the Theory of the Trade Cycle
A Contribution to the Theory of the Trade Cycle is an influential economic work by John R. Hicks that develops a formal model to explain the causes and dynamics of business cycles.
-
E.
Business Cycles in the United States of America, 1919–1932
"Business Cycles in the United States of America, 1919–1932" is an influential econometric study by Jan Tinbergen that analyzes and models U.S. economic fluctuations during the interwar period.
- F. None of above. chosen
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economics book ⓘ |
| academicDiscipline | economics ⓘ |
| author | Robert E. Lucas Jr. NERFINISHED ⓘ |
| contrastsWith |
Keynesian business cycle models
ⓘ
models with nominal rigidities ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| emphasizes |
intertemporal substitution in labor and consumption
ⓘ
microeconomic foundations of macroeconomic fluctuations ⓘ role of real shocks in business cycles ⓘ |
| field |
business cycle theory
ⓘ
macroeconomics ⓘ real business cycle theory ⓘ |
| hasPerspective |
New Classical macroeconomics
NERFINISHED
ⓘ
equilibrium business cycle analysis ⓘ |
| influenced |
New Classical macroeconomics
NERFINISHED
ⓘ
dynamic stochastic general equilibrium models ⓘ modern macroeconomic business cycle theory ⓘ real business cycle literature ⓘ |
| influencedBy |
Robert E. Lucas Jr.’s earlier work on expectations and neutrality of money
ⓘ
neoclassical growth theory ⓘ rational expectations revolution in macroeconomics ⓘ |
| language | English ⓘ |
| mainTopic |
business cycles
ⓘ
economic fluctuations ⓘ equilibrium business cycle models ⓘ microfoundations of macroeconomics ⓘ rational expectations ⓘ real shocks ⓘ |
| notableFor |
influencing the development of DSGE models
ⓘ
rigorous microfounded treatment of business cycles ⓘ systematic use of rational expectations in business cycle analysis ⓘ |
| theoreticalApproach |
general equilibrium theory
ⓘ
microfounded macroeconomics ⓘ rational expectations theory ⓘ real business cycle methodology ⓘ |
| usesConcept |
equilibrium with rational expectations
ⓘ
intertemporal optimization ⓘ market clearing ⓘ representative agent ⓘ stochastic shocks ⓘ technology shocks ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: “Models of Business Cycles” Description of subject: “Models of Business Cycles” is an influential economics book by Robert Lucas Jr. that develops a rigorous, microfounded theory of business cycle fluctuations using rational expectations and real business cycle methodology.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.