Real business cycle models in economics:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Routledge
2014
|
| Edition: | 1. publ. |
| Series: | Routledge studies in the history of economics
160 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Physical Description: | XV, 184 S. |
| ISBN: | 0415475694 9780415475693 |
Staff View
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Record in the Search Index
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|---|---|
| adam_text | Contents
Preface
and acknowledgments
xiv
Introduction and analytical method
1
1
Building blocks
7
2
The Kydland-Prescott research program: from optimal
stabilization and time inconsistency to time to build
36
3
Kydland-Prescott and Long-Plosser: development and
cross-fertilization
72
4
Themes, variations, and initial extensions
108
5
Debates, augmentation, and variations on the theme
140
Conclusion: summing up
—
business cycle research
153
References
160
Index
179
Real Business Cycle Models in
Economics
Real Business Cycle (RBC) Theory holds that random fluctuations in productiv¬
ity are what cause the business cycle. Over the years, economists have developed
different models which attempt to explain patterns in real business cycles,
though the two which dominate proceedings are Kydland and Prescott s and
Long and
Plosseťs
models.
The purpose of this book is to describe the intellectual process by which RBC
models were developed The approach taken focuses on the core elements in the
development of RBC models: (i) building blocks, (ii) catalysts, and
(iii)
meta-
syntheses. This is done by detailed examination of all available unpublished
variorum drafts of the key papers in the RBC story, so as to determine the origins
of the ideas. The analysis of the process of their discovery is then set out, fol¬
lowed by explanations of the evolution and dissemination of the models, from
first generation papers through to full blown research programs. This is supple¬
mented by interviews and correspondence with the individuals who were at the
center of the development of RBC models, such as Kydland, Prescott, Long,
Plosser, King, Lucas, and
Barro,
among others.
This book gets straight to the heart of the debates surrounding RBC models,
and as such it contributes to a real assessment of their impact upon modern
macroeconomics. This volume, therefore, will interest all scholars looking at
macroeconomics, as well as historians of economic thought more generally.
Warren Young is Associate Professor of Economics at
Bar-Han
University,
Israel.
|
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| dewey-full | 338.542011 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
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| dewey-search | 338.542011 |
| dewey-sort | 3338.542011 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV025608174 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T22:37:24Z |
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| isbn | 0415475694 9780415475693 |
| language | English |
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| physical | XV, 184 S. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Routledge |
| record_format | marc |
| series | Routledge studies in the history of economics |
| series2 | Routledge studies in the history of economics |
| spelling | Young, Warren 1949- Verfasser (DE-588)128694483 aut Real business cycle models in economics Warren Young 1. publ. London [u.a.] Routledge 2014 XV, 184 S. txt rdacontent n rdamedia nc rdacarrier Routledge studies in the history of economics 160 Realer-Konjunkturzyklus-Theorie (DE-588)4418672-1 gnd rswk-swf Realer-Konjunkturzyklus-Theorie (DE-588)4418672-1 s b DE-604 Erscheint auch als Online-Ausgabe 978-1-315-85754-1 Routledge studies in the history of economics 160 (DE-604)BV010502677 160 Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020203150&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020203150&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Young, Warren 1949- Real business cycle models in economics Routledge studies in the history of economics Realer-Konjunkturzyklus-Theorie (DE-588)4418672-1 gnd |
| subject_GND | (DE-588)4418672-1 |
| title | Real business cycle models in economics |
| title_auth | Real business cycle models in economics |
| title_exact_search | Real business cycle models in economics |
| title_full | Real business cycle models in economics Warren Young |
| title_fullStr | Real business cycle models in economics Warren Young |
| title_full_unstemmed | Real business cycle models in economics Warren Young |
| title_short | Real business cycle models in economics |
| title_sort | real business cycle models in economics |
| topic | Realer-Konjunkturzyklus-Theorie (DE-588)4418672-1 gnd |
| topic_facet | Realer-Konjunkturzyklus-Theorie |
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