1st Edition

Real Business Cycle Models in Economics

By Warren Young Copyright 2014
200 Pages
by Routledge

200 Pages
by Routledge

200 Pages
by Routledge

The purpose of this book is to describe the intellectual process by which Real Business Cycle 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 This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine... Read more
Introduction and Analytical Method  1.: Building Block  2.  The Kydland-Prescott research program  3.:Kydland-Prescott and Long-Plosser  4.:Themes, Variations and Initial Extensions  5. Debates, Augmentation, and Variations on the Theme  Conclusion: Summing Up, Convergence and Synthesis, RBC, DGE, and

Biography

Warren Young is Associate Professor of Economics at Bar-Ilan University, Israel