The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
The perception of real business cycle (RCB) conceived in the early 1980s has helped to merge periodic oscillation with growth theory. In their initial form the RBC models were short of any monetary variables. Money was only later included in equations that replicate the economic system. Analysis of those models were used to support the view that money itself is not determining business oscillations and that it could be perceived as a variable that is internally influenced by the real sphere. The inclusion of money into RBC model has not, however, produced unequivocal results. The need to study the interactions between business cycle oscillations and the monetary variables in greater detail is still felt.