Business cycles: fact, fallacy and fantasy
(eBook)
Author:
Published:
Singapore ; Hackensack, NJ : World Scientific, ©2010.
Format:
eBook
ISBN:
9789812832788, 9812832785
Physical Desc:
1 online resource (viii, 152 pages) : illustrations
Status:
Ebsco (CCU)
Description
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 of sources. This monograph will examine some of these criticisms and discuss alternative approaches that have been put forward. More generally, it will discuss what lies ahead for modern business cycle theory.
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Citations
APA Citation (style guide)
Altug, S. (2010). Business cycles: fact, fallacy and fantasy. Singapore ; Hackensack, NJ, World Scientific.
Chicago / Turabian - Author Date Citation (style guide)Altug, Sumru. 2010. Business Cycles: Fact, Fallacy and Fantasy. Singapore ; Hackensack, NJ, World Scientific.
Chicago / Turabian - Humanities Citation (style guide)Altug, Sumru, Business Cycles: Fact, Fallacy and Fantasy. Singapore ; Hackensack, NJ, World Scientific, 2010.
MLA Citation (style guide)Altug, Sumru. Business Cycles: Fact, Fallacy and Fantasy. Singapore ; Hackensack, NJ, World Scientific, 2010.
Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Language:
English
UPC:
3029335
Notes
Bibliography
Includes bibliographical references (pages 139-149) and index.
Description
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 of sources. This monograph will examine some of these criticisms and discuss alternative approaches that have been put forward. More generally, it will discuss what lies ahead for modern business cycle theory.
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Grouped Work ID:
56be8043-889f-209d-5a48-bc34d27ced33
Record Information
| Last File Modification Time | Apr 05, 2024 09:25:40 PM |
|---|---|
| Last Grouped Work Modification Time | Apr 05, 2024 09:12:39 PM |
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| 100 | 1 | |a Altug, Sumru. | |
| 245 | 1 | 0 | |a Business cycles :|b fact, fallacy and fantasy /|c Sumru G. Altug. |
| 260 | |a Singapore ;|a Hackensack, NJ :|b World Scientific,|c ©2010. | ||
| 300 | |a 1 online resource (viii, 152 pages) :|b illustrations | ||
| 336 | |a text|b txt|2 rdacontent | ||
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| 338 | |a online resource|b cr|2 rdacarrier | ||
| 347 | |a data file | ||
| 504 | |a Includes bibliographical references (pages 139-149) and index. | ||
| 505 | 0 | |a Facts -- Models of business cycles -- International business cycles -- New Keynesian models -- Business cycles in emerging market economies -- Matching the model to the data -- Future areas for research. | |
| 520 | |a 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 of sources. This monograph will examine some of these criticisms and discuss alternative approaches that have been put forward. More generally, it will discuss what lies ahead for modern business cycle theory. | ||
| 588 | 0 | |a Print version record. | |
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