Real Business Cycle Theory
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Frontiers Of Business Cycle Research
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Author : Thomas F. Cooley
language : en
Publisher: Princeton University Press
Release Date : 1995-02-26
Frontiers Of Business Cycle Research written by Thomas F. Cooley and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-02-26 with Business & Economics categories.
This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t
Modern Business Cycle Theory
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Author : Robert J. Barro
language : en
Publisher:
Release Date : 1989
Modern Business Cycle Theory written by Robert J. Barro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
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.
Real Business Cycle Theory
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-04-15
Real Business Cycle Theory written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-15 with Business & Economics categories.
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.
Business Cycles
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Author : Victor Zarnowitz
language : en
Publisher: University of Chicago Press
Release Date : 1992-06-15
Business Cycles written by Victor Zarnowitz and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-06-15 with Business & Economics categories.
Victor Zarnowitz has long been a leader in the study of business cycles, growth, inflation, and forecasting. These papers represent a carefully integrated and up-to-date study of business cycles, reexamining some of his earlier research as well as addressing recent developments in the literature and in history. In part one, Zarnowitz reviews with characteristic insight various theories of the business cycle, including Keynesian and monetary theories as well as more recent rational expectations and real business cycle theories. In doing so, he examines how the business cycle may have changed as the size of government, the exercise of fiscal and monetary policies, the openness of the economy to international forces, and the industrial structure have evolved over time. Emphasizing important research from the 1980s, Zarnowitz discusses in part two various measures of the trends and cycles in economic activity, including output, prices, inventories, investment in residential and nonresidential structures, equipment, and other economic variables. Here the author explores the duration and severity of U.S. business cycles over more than 150 years, and evaluates the ability of macro models to simulate past behavior of the economy. In part three the performance of leading, coincident, and lagging indicators is described and assessed and evidence is presented on the value of their composite measures. Finally, part four offers an analysis of the degree of success of large commercial forecasting firms and of many individual economists in predicting the course of inflation, real growth, unemployment, interest rates, and other key economic variables. Business Cycles is a timely study, certain tobecome a basic reference for professional forecasters and economists in government, academia, and the business community.
Business Cycle Theory
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Author : Lutz G. Arnold
language : en
Publisher: Oxford University Press on Demand
Release Date : 2002
Business Cycle Theory written by Lutz G. Arnold and has been published by Oxford University Press on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
This work provides a compact exposition of business cycle theory and puts the main theories in an historical perspective by presenting them in the chronological order of their appearance and highlighting their differences and commonalities.
Hysteresis And Business Cycles
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Author : Ms.Valerie Cerra
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-29
Hysteresis And Business Cycles written by Ms.Valerie Cerra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-29 with Business & Economics categories.
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Real Business Cycles
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Author : James Hartley
language : en
Publisher: Routledge
Release Date : 2013-07-04
Real Business Cycles written by James Hartley and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-04 with Business & Economics categories.
Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.
Business Cycle Theory
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Author : Finn E. Kydland
language : en
Publisher: Edward Elgar Publishing
Release Date : 1995
Business Cycle Theory written by Finn E. Kydland and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
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.
The Business Cycle Theories And Evidence
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Author : M.T. Belongia
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Business Cycle Theories And Evidence written by M.T. Belongia and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
These proceedings, from a conference held at the Federal Reserve Bank of St. Louis on October 17-18, 1991, attempted to layout what we currently know about aggregate economic fluctuations. Identifying what we know inevitably reveals what we do not know about such fluctuations as well. From the vantage point of where the conference's participants view our current understanding to be, these proceedings can be seen as suggesting an agenda for further research. The conference was divided into five sections. It began with the formu lation of an empirical definition of the "business cycle" and a recitation of the stylized facts that must be explained by any theory that purports to capture the business cycle's essence. After outlining the historical develop ment and key features of the current "theories" of business cycles, the conference evaluated these theories on the basis of their ability to explain the facts. Included in this evaluation was a discussion of whether (and how) the competing theories could be distinguished empirically. The conference then examined the implications for policy of what is known and not known about business cycles. A panel discussion closed the conference, high lighting important unresolved theoretical and empirical issues that should be taken up in future business cycle research. What Is a Business Cycle? Before gaining a genuine understanding of business cycles, economists must agree and be clear about what they mean when they refer to the cycle.
Macroeconomic Foundations Of Macroeconomics
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Author : Alvaro Cencini
language : en
Publisher: Psychology Press
Release Date : 2005
Macroeconomic Foundations Of Macroeconomics written by Alvaro Cencini and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This book shows that macroeconomics is logically independent of microeconomics and that it is fundamental to economic analysis and lends further support to the claim for the macroeconomic foundations of macroeconomics.