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Buchumschlag
Real business cycle models in economics:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Young, Warren 1949- (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: London [u.a.] Routledge 2014
Ausgabe:1. publ.
Schriftenreihe:Routledge studies in the history of economics 160
Schlagwörter:
Realer-Konjunkturzyklus-Theorie
Links: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
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
Umfang:XV, 184 S.
ISBN:0415475694
9780415475693
Internformat

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Datensatz im Suchindex

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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 This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine the origins of the ideas.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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series Routledge studies in the history of economics
series2 Routledge studies in the history of economics
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
url 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
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volume_link (DE-604)BV010502677
work_keys_str_mv AT youngwarren realbusinesscyclemodelsineconomics
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