Models of Business Cycles
1st Edition
Published on 22. January 1987
Book
Paperback/Softback
128 pages
978-0-631-14791-6 (ISBN)
Description
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.
Reviews / Votes
"His brilliance and versatility as an economic theorist cannot be disputed. Much of value will come from the impetus given to the study of macroeconomic theory and policy by the endeavours of Professor Lucas." KyklosMore details
Language
English
Place of publication
Hoboken
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Product notice
Paperback (trade)
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 8 mm
Weight
172 gr
ISBN-13
978-0-631-14791-6 (9780631147916)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Robert E. Lucas Jr is Professor of Economics at the University of Chicago.
Content
Preface. Section I.
Section II.
Section II.
Section III.
Section IV.
Section V.
Section VI.
Section VII.
Section VIII.
Index.
Section II.
Section II.
Section III.
Section IV.
Section V.
Section VI.
Section VII.
Section VIII.
Index.