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Modern Business Cycle Theory
Harvard University Press, 1989 Cloth: 978-0-674-57860-9 Library of Congress Classification HB3711.M548 1989 Dewey Decimal Classification 338.542
ABOUT THIS BOOK | REVIEWS
ABOUT THIS BOOK
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. See other books on: Business & Economics | Business cycles | Economics See other titles from Harvard University Press |
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Nearby on shelf for Economic theory. Demography / Business cycles. Economic fluctuations:
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Modern Business Cycle Theory
ABOUT THIS BOOK | REVIEWS
Harvard University Press, 1989
Cloth: 978-0-674-57860-9
Cloth: 978-0-674-57860-9
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.
ABOUT THIS BOOK | REVIEWS
