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What Bruce said.  The term pre-dates RBC.  The Solow growth model has been around since the '50s, whereas RBC came around in the '80s.

RBC theorists just tend to be wedded to it.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Tue Aug 6th, 2013 at 07:36:35 AM EST
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