Business cycle theory
- ISBN: 9780199256822
- Editorial: Oxford University Press
- Fecha de la edición: 2002
- Lugar de la edición: Oxford. Reino Unido
- Encuadernación: Rústica
- Medidas: 23 cm
- Nº Pág.: 165
- Idiomas: Inglés
Descrption: Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book provides a compact exposition of the main theories since Keynes -- Keynesian economics, monetarism, new classical economics, the real business cycles theory, and new Keynesian economics -- using a unifying mathematical approach Contents: 1 Introduction 2 Keynesian Economics 3 Monetarism 4 New Classical Economics 5 Real Business Cycle 6 New Keynesian Economics 7 Lessons About Business Cycles Appendix 1 Stochastic Second-Order Difference Equations Appendix 2 The Over-Investment Theory Appendix 3 Goodwinian Model