Frontiers of Business Cycle Research
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Aggregate demand
Behavioral economics
Budget constraint
Business cycle
Business sector
Capital asset pricing model
Capital market
Category=KCA
Category=KCC
Category=KJ
Competition (economics)
Competitive equilibrium
Consumer
Demand curve
Econometric model
Econometrics
Economic data
Economic equilibrium
Economic growth
Economic indicator
Economic Life
Economic policy
Economic Theory (journal)
Economics
Economy
Endogeneity (econometrics)
Endogenous growth theory
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equity premium puzzle
Factor market
Fiscal policy
General equilibrium theory
Household
Income
Inventory investment
Investment
Investment function
Investment goods
Investment policy
Keynesian Revolution
Leverage (finance)
Macroeconomic model
Macroeconomics
Marginal cost
Market economy
Market liquidity
Market power
Market sector
Markup (business)
Monetary policy
Neoclassical economics
Neoclassical Growth Theory
Pareto efficiency
Price elasticity of demand
Production function
Production-possibility frontier
Productivity
Profit (economics)
Profit maximization
Public finance
Real business-cycle theory
Real versus nominal value (economics)
Real wages
Return on capital
Standard deviation
Stock
Supply (economics)
Tax
Tax rate
Technical progress (economics)
Technology
Technology shock
Utility
World economy
Product details
- ISBN 9780691043234
- Weight: 765g
- Dimensions: 152 x 235mm
- Publication Date: 26 Feb 1995
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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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, Jose-Victor Rios-Rull, Michael Woodford, and Randall Wright.
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.
