"Real Business Cycle (RBC) Theory holds that random fluctuations in productivity are what causes the business cycle. Economists have come up with different models over the years which attempt to explain patterns in real business cycles, though the two which dominate proceedings are Kydland &...

1. Building blocks -- 2. The Kydland-Prescott research program : from "optimal stabilization" and "time inconsistency" to "time to build" -- 3. Kydland-Prescott and Long-Plosser : development and cross-fertilization -- 4. Themes, variations, and initial extensions -- 5. Debates, augmentation,...