Business Cycles : Fact, Fallacy And Fantasy.
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...
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| Format: | Electronic eBook |
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| Language: | English |
| Published: |
World Scientific
2009.
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| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |
| Summary: | 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 o. |
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| Physical Description: | 1 online resource (160) |
| ISBN: | 1282760378 9781282760370 9789812832788 9812832785 |