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क्षेत्रअर्थशास्त्रअर्थशास्त्र
परिवारRegression modelRegression model
उद्भव वर्ष19581982
प्रवर्तकPaul Samuelson, Peter DiamondFinn Kydland, Edward Prescott
प्रकारGeneral equilibrium modelDynamic stochastic general equilibrium model
मौलिक स्रोतDiamond, P. A. (1965). National Debt in a Neoclassical Growth Model. American Economic Review, 55(5), 1126–1150. link ↗Kydland, F. E., & Prescott, E. C. (1982). Time to Build and Aggregate Fluctuations. Econometrica, 50(6), 1345–1370. DOI ↗
उपनामOLG Model, Diamond ModelRBC Model, Kydland-Prescott Model
संबंधित22
सारांशThe Overlapping Generations Model, pioneered by Paul Samuelson in 1958 and extended by Peter Diamond in 1965, is a macroeconomic framework where successive generations of individuals live for finite periods and coexist at any point in time. It addresses how consumption, savings, and capital accumulation evolve across generations and how monetary and fiscal policy affects intergenerational distribution.The Real Business Cycle (RBC) model, developed by Finn Kydland and Edward Prescott in 1982, is a dynamic stochastic general equilibrium framework that explains macroeconomic fluctuations as rational responses to exogenous technological shocks. Unlike Keynesian models that emphasize demand-side factors and nominal rigidities, the RBC model shows how productivity variations alone can generate business cycles that mimic observed employment, output, and investment dynamics.
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