Equilibrium Business Cycle Theory - Brossura

Kim Kyun

Brossura

ISBN 10: 0521024927 ISBN 13: 9780521024921

Casa editrice: Cambridge University Press, 2022

Riassunto

This 1988 book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics. These historical analyses make clear two central principles of the EBCT: its optimization foundation and its economic strategy. Following along these lines, the author argues that the EBCT succeeds the tradition of the Austrian cycle theory that attempted to incorporate the cycle with classical equilibrium doctrine. He further argues that the EBCT's econometric strategy is only a child of the Cowles commission method. Investigating interwar macroeconomics in very readable style, this book brings the period back into the heart of macroeconomic thinking.

Su questo libro

Descrizione del libro:

This 1988 book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics.

Contenuti:

Acknowledgments; 1. Introduction: equilibrium business cycle theory; 2. The classical tradition and business cycle theory; 3. The econometric approach to business cycles; 4. Hayek, the Cowles Commission, and equilibrium business cycle theory; 5. Contemporary trends in macroeconometrics; 6. Conclusion; References; Index.

Su questa edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 2022
• ISBN 10: 0521024927
• ISBN 13: 9780521024921
• Rilegatura: Copertina flessibile
• Numero edizione: 1
• Numero di pagine: 100