Equilibrium business cycle theory in historical perspective:

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 anal...

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Bibliographic Details
Main Author: Kim, Kyun (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 1988
Series:Historical perspectives on modern economics
Subjects:
Online Access:BSB01
UBG01
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Summary: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
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (127 pages)
ISBN:9780511664762
DOI:10.1017/CBO9780511664762

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