The ABCs of Rbcs: An Introduction to Dynamic Macroeconomic Models

by George McCandless

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The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks--new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk aversion, in more open interpretations--can trigger booms and recessions and can account for much of observed output volatility.

George McCandless...

Format:Hardcover

Language:English

ISBN:0674028147

ISBN13:9780674028142

Release Date:March 2008

Publisher:Harvard University Press

Length:448 Pages

Weight:1.85 lbs.

Dimensions:1.4" x 6.6" x 9.2"

Related Subjects

Business Business & Investing Econometrics Economic Theory Economics Education & Reference Macroeconomics Popular Economics Theory

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The ABCs of Rbcs: An Introduction to Dynamic Macroeconomic Models

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