Ebook: Real business cycle models in economics
Author: Young Warren
- Tags: Business cycles., Business cycles -- Mathematical models., BUSINESS & ECONOMICS -- Industries -- General.
- Series: Routledge studies in the history of economics 160
- Year: 2014
- Publisher: Routledge
- Language: English
- pdf
"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 & Prescott's and Long & Plosser's models. The purpose of this book is to describe the intellectual process by which RBC models Read more...
Abstract:
Describes the intellectual process by which Real Business Cycle models developed, focusing on the core elements in the development of RBC models: building blocks, catalysts, and meta-syntheses. Read more...
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