Business Cycles: Fact, Fallacy and Fantasy - Couverture rigide

Altug, Sumru G

 
9789812832764: Business Cycles: Fact, Fallacy and Fantasy
Couverture rigide
ISBN 10 : 9812832769 ISBN 13 : 9789812832764
Editeur : World Scientific Publishing Co Pte Ltd, 2009

Synopsis

This book provides an overview of the modern theory and empirics of business cycles. Written by one of the pioneering authors in this field, it examines the notion of a business cycle and discusses alternative approaches to modeling. Arguably, one of the most important debates in this literature has been the issue of matching - a business cycle to the data. In their original contribution, Kydland and Prescott (1982) proposed the method of calibration as a way of examining the implications of a business cycle model; yet, even at its inception, this approach came under criticism from a variety of sources. This monograph will examine some of these criticisms and discuss alternative approaches that have been put forward. More generally, it will discuss what lies ahead for modern business cycle theory.

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Présentation de l'éditeur

This book provides an overview of the modern theory and empirics of business cycles. Written by one of the pioneering authors in this field, it examines the notion of a business cycle and discusses alternative approaches to modeling. Arguably, one of the most important debates in this literature has been the issue of matching - a business cycle to the data. In their original contribution, Kydland and Prescott (1982) proposed the method of calibration as a way of examining the implications of a business cycle model; yet, even at its inception, this approach came under criticism from a variety of sources. This monograph will examine some of these criticisms and discuss alternative approaches that have been put forward. More generally, it will discuss what lies ahead for modern business cycle theory.

Revue de presse

"I am impressed by this small book, I now have an impression of the theory and empirics around the notion of business cycles. It is a useful entrance to a fascinating area of research with a multitude of unsolved problems!" --Zentralblatt MATH

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
World Scientific Publishing Co Pte Ltd
Date d'édition
2009
Langue
anglais
ISBN 10 
9812832769
ISBN 13 
9789812832764
Reliure
Relié
Nombre de pages
162
Coordonnées du fabricant
non disponible
Personne responsable
gpsr@libri.de
gpsr@libri.de

Friedensallee 273
Hamburg
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Allemagne