Models of Business Cycles by Robert Lucas

Models of Business Cycles by Robert Lucas

In the past decade macroeconomic theory has undergone a remarkable transformation. At the forefront has been the "rational expectations revolution," and this school's most brilliant exponent is Robert E. Lucas. In this elegant and relatively non-technical survey, Lucas reviews the nature and consequences of recent developments in monetary and business cycle theory. He discusses the usefulness of alternative models in determining the effects of economic policy on consumption streams and individual welfare. Drawing on a specific model of aggregate activity which represents the current frontier in business cycle research, he then examines the contemporary theory of unemployment. Finally and most controversially, he explores the role of monetary disturbances.

"His brilliance and versatility as an economic theorist cannot be disputedMuch of value will come from the impetus given to the study of macroeconomic theory and policy by the endeavours of Professor Lucas." Kyklos

Robert E. Lucas Jr is Professor of Economics at the University of Chicago.

SKU	Nicht verfügbar
ISBN 13	9780631147916
ISBN 10	0631147918
Titel	Models of Business Cycles
Autor	Robert Lucas
Buchzustand	Nicht verfügbar
Bindungsart	Paperback
Verlag	Wiley-Blackwell
Erscheinungsjahr	1991-01-08
Seitenanzahl	128
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar