Frontiers of Business Cycle Research Thomas F. Cooley, editor.

Format:

Book

Contributor:

Cooley, Thomas F.

Language:

English

Subjects (All):

Business cycles--Research.

Cycles economiques--Histoire--Recherche.

Cycles economiques.

Business cycles--Research--History.

Business cycles.

Genre:

History.

Physical Description:

1 online resource (xvi, 419 pages) : illustrations

Place of Publication:

Princeton, N.J. : Princeton University Press, 1995.

Summary:

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.

Contents:

1. Economic Growth and Business Cycles / Thomas F. Cooley and Edward C. Prescott

2. Recursive Methods for Computing Equilibria of Business Cycle Models / Gary D. Hansen and Edward C. Prescott

3. Computing Equilibria of Nonoptimal Economies / Jean-Pierre Danthine and John B. Donaldson

4. Models with Heterogeneous Agents / Jose-Victor Rios-Rull

5. Business Cycles and Aggregate Labor Market Fluctuations / Finn E. Kydland

6. Household Production in Real Business Cycle Theory / Jeremy Greenwood, Richard Rogerson and Randall Wright

7. Money and the Business Cycle / Thomas F. Cooley and Gary D. Hansen

8. Non-Walrasian Economies / Jean-Pierre Danthine and John B. Donaldson

9. Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets / Julio J. Rotemberg and Michael Woodford

10. Asset Pricing Implications of Equilibrium Business Cycle Models / K. Geert Rouwenhorst.

Notes:

Description based on print version record.

ISBN:

9780691043234

069104323X

OCLC:

1193036101