Frontiers of Business Cycle Research - Rilegato

Rilegato

ISBN 10: 069104323X ISBN 13: 9780691043234

Casa editrice: Princeton Univ Pr, 1995

Riassunto

Among the most revolutionary and productive areas of economic research over the last two decades, modern business cycle theory is finally made accessible to students and professionals in this rigorous, unified, introductory volume. This theory starts with the view that growth and fluctuations are not distinct phenomena to be studied separately--and that business cycles result from shocks (such as the availability of new technologies), which regularly affect most economies. The unifying theme of this book is the use of the neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting recent advances in dynamic economic theory and computational methods--with emphasis on the construction of equilibrium paths for simple artificial economies--leading experts orient readers in the quantitative study of aggregate fluctuations and apply its concepts to key issues in macroeconomics and business cycle theory.

This volume covers such issues as the aggregate labor market, the role of the household sector, the role of money, the behavior of asset markets, non-Walrasian economies, monopolistically competitive economies, international business cycles, and the design of economic policies. The contributors are David Backus, V. V. Chari, Lawrence Christiano, Thomas F. Cooley, Jean-Pierre Danthine, John Donaldson, Jeremy Greenwood, Gary D. Hansen, Patrick Kehoe, Finn Kydland, Edward C. Prescott, Richard Rogerson, Julio Rotemberg, Geert Rouwenhorst, José-Víctor Ríos-Rull, Michael Woodford, and Randall Wright.

Su questo libro

L'autore

Thomas F. Cooley is Fred H. Gowen Professor of Economics at the Simon School of Business and Professor of Economics at the University of Rochester.

Contenuti

	List of Illustrations
	List of Tables
	Preface
	Contributors
1	Economic Growth and Business Cycles	1
2	Recursive Methods for Computing Equilibria of Business Cycle Models	39
3	Computing Equilibria of Nonoptimal Economies	65
4	Models with Heterogeneous Agents	98
5	Business Cycles and Aggregate Labor Market Fluctuations	126
6	Household Production in Real Business Cycle Theory	157
7	Money and the Business Cycle	175
8	Non-Walrasian Economies	217
9	Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets	243
10	Asset Pricing Implications of Equilibrium Business Cycle Models	294
11	International Business Cycles: Theory and Evidence	331
12	Policy Analysis in Business Cycle Models	357
	Bibliography	393
	Author Index	413
	Subject Index	417

Su questa edizione

• Editore: Princeton Univ Pr
• Data di pubblicazione: 1995
• ISBN 10: 069104323X
• ISBN 13: 9780691043234
• Rilegatura: Copertina rigida
• Numero di pagine: 419
• Redattore: Cooley Thomas F.