Business Cycle Theory

Arnold, Lutz G.

Business Cycle Theory
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PRICE: FREE BOOK
DATE
AUTHOR Arnold, Lutz G.
ISBN 9780199256822
FILE FORMAT 5,22 MB
FORMAT PDF EPUB FB2 TXT
LANGUAGE ENGLISH

Description of the book

This work provides a compact exposition of business cycle theory and puts the main theories in an historical perspective by presenting them in the chronological order of their appearance and highlighting their differences and commonalities.Arnold, Lutz G. is the author of 'Business Cycle Theory' with ISBN 9780199256822 and ISBN 0199256829.

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... theory states that the business cycle is a result of changes in monetary and credit market conditions ... Theories on the Causes of Business Cycles | Your Business ... . Hawtrey, the main supporter of this ... The political business cycle is an alternative theory stating that when an administration of any hue is elected, it initially adopts a contractionary policy to reduce inflation and gain a reputation for economic competence. It then adopts an expansionary policy in the lead up to the next election, hoping to achieve simultaneously low inflation and unemployment on election day. The partisan ... Real business-cycle theory (RBC theory) is a class of new classical macroeconomics ... An Introduction and Guide to Real Business Cycle Theory ... . The partisan ... Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations to a large extent can be accounted for by real (in contrast to nominal) shocks. Unlike other leading theories of the business cycle, [citation needed] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic ... Real business cycle theory (RBC theory) is a class of macroeconomic models and theories that were first explored by American economist John Muth in 1961. The theory has since been more closely associated with another American economist, Robert Lucas, Jr., who has been characterized as "the most influential macroeconomist in the last quarter of the twentieth century." Intro to E...