Modern Business Cycle Theory 16 50 PDF Download
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| Author | : Robert J. Barro |
| Publisher | : |
| Total Pages | : 358 |
| Release | : 1989 |
| Genre | : Business & Economics |
| ISBN | : |
Download Modern Business Cycle Theory Book in PDF, ePub and Kindle
The new classical approach to macroeconomics, which assumes that people gather and use economic information efficiently, has been the most important theoretical advance since the Keynesian revolution of the 1930s. This book surveys the major contributions of the "second generation" of proponents of the new classical approach, emphasizing real business cycle theories and applying them to a variety of phenomena. The chapters include expositions of growth theory, real models of business fluctuations, the informational role of prices, consumption, fiscal policy, rules versus discretion in monetary policy, time consistency and policy, and monetary models. Although the chapters are aimed at advanced undergraduate- and graduate-level students, they will also be of interest to researchers who are looking for a compact and original exposition of the new classical macroeconomics.
| Author | : A. W. Mullineux |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 156 |
| Release | : 1984 |
| Genre | : Business & Economics |
| ISBN | : 9780389204534 |
Download The Business Cycle After Keynes Book in PDF, ePub and Kindle
This up-to-date book on modern theories of the business cycle fills a gap in the literature by presenting a comprehensive analysis of the major theoretical work before and after 1970. The author focuses on the Political and Equilibrium theories of the cycle with special attention to the role of government in each of these theories, considers evidence supporting these modern theories and their underlying hypotheses, and analyzes business cycle modeling and the role of government in the cycle.
| Author | : Fouad Sabry |
| Publisher | : One Billion Knowledgeable |
| Total Pages | : 318 |
| Release | : 2024-04-15 |
| Genre | : Business & Economics |
| ISBN | : |
Download Real Business Cycle Theory Book in PDF, ePub and Kindle
What is Real Business Cycle Theory Real business-cycle theory is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real shocks. Unlike other leading theories of the business cycle, RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment. That is, the level of national output necessarily maximizes expected utility, and governments should therefore concentrate on long-run structural policy changes and not intervene through discretionary fiscal or monetary policy designed to actively smooth out economic short-term fluctuations. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Real business-cycle theory Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: Recession Chapter 5: New Keynesian economics Chapter 6: Real versus nominal value (economics) Chapter 7: Business cycle Chapter 8: Aggregate demand Chapter 9: Procyclical and countercyclical variables Chapter 10: Robert Hall (economist) Chapter 11: Economic stability Chapter 12: Dynamic stochastic general equilibrium Chapter 13: Neoclassical synthesis Chapter 14: New classical macroeconomics Chapter 15: Great Moderation Chapter 16: Demand-led growth Chapter 17: Stock market cycle Chapter 18: History of macroeconomic thought Chapter 19: Welfare cost of business cycles Chapter 20: Regression analysis Chapter 21: Economic recession in Iran (II) Answering the public top questions about real business cycle theory. (III) Real world examples for the usage of real business cycle theory in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Real Business Cycle Theory.
| Author | : Sumru G Altug |
| Publisher | : World Scientific |
| Total Pages | : 161 |
| Release | : 2009-12-01 |
| Genre | : Business & Economics |
| ISBN | : 9814470465 |
Download Business Cycles: Fact, Fallacy And Fantasy Book in PDF, ePub and Kindle
This book provides an overview of the modern theory and empirics of business cycles. Written by one of the pioneering authors in this field, it examines the notion of a business cycle and discusses alternative approaches to modeling. Arguably, one of the most important debates in this literature has been the issue of “matching” a business cycle to the data. In their original contribution, Kydland and Prescott (1982) proposed the method of calibration as a way of examining the implications of a business cycle model; yet, even at its inception, this approach came under criticism from a variety of sources. This monograph will examine some of these criticisms and discuss alternative approaches that have been put forward. More generally, it will discuss what lies ahead for modern business cycle theory.
| Author | : Finn E. Kydland |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 556 |
| Release | : 1995 |
| Genre | : Business & Economics |
| ISBN | : |
Download Business Cycle Theory Book in PDF, ePub and Kindle
This volume is a collection of key articles on modern business cycle theory. Fundamental to business cycle theory is the estimation of the role played by different impulses or shocks for aggregate fluctuations, and identifying the mechanisms by which these impulses propagate over time to create the cycles we observe. Business Cycles Theory is divided into three parts. Part I deals with issues of measurement and methodology and describes empirical business cycle regularities. Parts II and III centre around the study of real and nominal shocks and impulses.
| Author | : Solomos Solomou |
| Publisher | : Manchester University Press |
| Total Pages | : 150 |
| Release | : 1998 |
| Genre | : Business cycles |
| ISBN | : 9780719041518 |
Download Economic Cycles Book in PDF, ePub and Kindle
The ups and downs of booms and slumps, often referred to as business cycles, are features of all modern economies. This book considers business cycles over three epochs 1870-1913, 1919-1938 and the post-World War II period. It provides an analysis of the key macroeconomic questions relating to economic fluctuations. Why are the ups and down more volatile in some epochs than others? Why are some business cycle shocks more persistent in their effects? Is there an international business cycle? Can present business cycle features predict future patterns? What impact will institutional changes, such as EMU have on future fluctuations?
| Author | : Philip E. Mirowski |
| Publisher | : Routledge |
| Total Pages | : 332 |
| Release | : 2015-03-27 |
| Genre | : Business & Economics |
| ISBN | : 1317512235 |
Download The Birth of the Business Cycle (RLE: Business Cycles) Book in PDF, ePub and Kindle
Discussing economic theory and English economic history from the eighteenth century until the late 1970s this volume discusses among other things fixed capital and problems with the definition of the premodern economy as well as providing a chronology of 18th century business cycles.
| Author | : Günter Gabisch |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 256 |
| Release | : 2013-03-09 |
| Genre | : Business & Economics |
| ISBN | : 3642747159 |
Download Business Cycle Theory Book in PDF, ePub and Kindle
"Is the business cycle obsolete?" This often cited title of a book edited by Bronfenbren ner with the implicit affirmation of the question reflected the attitude of mainstream macroeconomics in the 1960s regarding the empirical relevance of cyclic motions of an economy. The successful income policies, theoretically grounded in Keynesian macroec onomics, seemed to have eased or even abolished the fluctuations in Western economies which motivated studies of many classical and neoclassical economists for more than 100 years. The reasoning behind the conviction that business cycles would increasingly be come irrelevant was rather simple: if an economy fluctuates for whatever reason, then it is almost always possible to neutralize these cyclic motions by means of anticyclic demand policies. From the 1950s until the mid-1960s business cycle theory had often been consid ered either as an appendix to growth theory or as an academic exercise in dynamical economics. The common business cycle models were essentially multiplier-accelerator models whose dependence on particular parameter values (in order to exhibit oscillatory motion) suggested a rather improbable occurrence of persistent fluctuations. The obvi ous success in compensating business cycles in those days prevented intensive concern with the occurrence of cycles. Rather, business cycle theory turned into stabilization theory which investigated theoretical possibilities of stabilizing a fluctuating economy. Many macroeconomic textbooks appeared in the 1960s which consequently identified business cycle theory with inquiries on the possibilities to stabilize economies by means of active fiscal or monetary policies.
| Author | : Philip A Klein |
| Publisher | : Routledge |
| Total Pages | : 356 |
| Release | : 2017-10-03 |
| Genre | : Business & Economics |
| ISBN | : 1351695576 |
Download Analyzing Modern Business Cycles: Essays Honoring Book in PDF, ePub and Kindle
This title was first published in 1990.
| Author | : Pascal Bridel |
| Publisher | : Routledge |
| Total Pages | : 200 |
| Release | : 2017-10-02 |
| Genre | : Business & Economics |
| ISBN | : 131738198X |
Download Business cycle theory as a basis for economic policy Book in PDF, ePub and Kindle
This book aims to start a debate on the relationship between economic theory – and more precisely business cycle theory – and economic policy, emphasising the diversity of views on economic policy which characterised older periods, in contrast to the homogeneity of the analysis and diagnosis provided by current business cycles developments. Since the 1970s, economic theorists excluding any economic policy interventions and favouring strictly supply-side economic policies have gained a growing influence. The development of Equilibrium Business Cycles theories coincides with the collapse, at least in academic circles, of the Keynesian consensus favouring stabilization policies. The alternative approach which emerged was based on an a priori hypothesis about the stability of the economy – or at least on its remarkable ability to stabilize itself. The direct consequence of this approach is that any stabilization objective for economic policy is not only misguided but also inefficient. There are many reasons why Keynesian policies ceased to be dominant in theoretical circles, but the most helpful circumstances for the rapid propagation of a new revolutionary theory is certainly the existence of an established orthodoxy, clearly inconsistent with the most salient facts of reality. This book offers a sample of different theoretical approaches to business cycles, examining their respective views on economic policy with the objective of understanding business cycles that have been lost, and identifying those views which explain fluctuations and the way we conceive economic policy. This book was originally published as a special issue of The European Journal of the History of Economic Thought.
