> SA wrote:
>
>
>> That's not what Real Business Cycle theory says. It says
>> the opposite - fluctuations are caused by changes in real
>> technological or supply shifts that take place regularly
>> over the business cycle, so booms and busts are "natural"
>> outgrowths of the market economy and can't be ameliorated
>> by monetary policy.
>>
>
> How is that the opposite? Are changes in real technological endogenous to them?
>
Sorry, I misread your post. Now I see what you were saying.
SA