Business Cycles: Fact, Fallacy & Fantasy
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Book Overview This book provides an overview of the modern theory and empirics of business cycles. Written by one of the pioneering authors in this fie...
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.
Book Details Format: Hardcover | Pages: 152 | Language: English | Publisher: WORLD SCIENTIFIC PUB CO INC | ISBN: 9812832769
FormatHardcover
Pages152
LanguageEnglish
ISBN9812832769
EAN9789812832764
PublisherWORLD SCIENTIFIC PUB CO INC
Publication Date1970-01-01
EditionIllustrated
AccessoriesNo Accessory
ConditionNew
Product TypeHARD COVER BOOKS
Weight0.95 Pounds
Length9.0 Inches
Width6.0 Inches
Height0.6 Inches
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