Verwandte Artikel zu BUSINESS CYCLES: FACT, FALLACY & FANTASY

BUSINESS CYCLES: FACT, FALLACY & FANTASY - Hardcover

Altug Sumru G

 
9789812832764: BUSINESS CYCLES: FACT, FALLACY & FANTASY
Hardcover
ISBN 10: 9812832769 ISBN 13: 9789812832764
Verlag: World Scientific, 2009

Inhaltsangabe

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.

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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.

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Verlag
World Scientific
Erscheinungsdatum
2009
Sprache
Englisch
ISBN 10 
9812832769
ISBN 13 
9789812832764
Einband
Gebundene Ausgabe
Anzahl der Seiten
162
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
GPSR Kontakt
gpsr@libri.de

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