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Business Cycle Theory

The International Library of Critical Writings in Economics Series No. 58

Edited by Finn E. Kydland
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 12th Oct 1995
Dimensions: w 244mm h 169mm
Weight: 1045g
ISBN-10: 1852787511
ISBN-13: 9781852787516
Barcode No: 9781852787516
Synopsis
This volume is a collection of key articles on modern business cycle theory. Fundamental to business cycle theory is the estimation of the role played by different impulses or shocks for aggregate fluctuations, and identifying the mechanisms by which these impulses propagate over time to create the cycles we observe. Business Cycles Theory is divided into three parts. Part I deals with issues of measurement and methodology and describes empirical business cycle regularities. Parts II and III centre around the study of real and nominal shocks and impulses.

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'... this book is long overdue and its selection of by now classic business cycle papers is an excellent articulation of the Lucas/real business cycle agenda that merits a home on every inquiring macroeconomist's bookshelf.' -- C. Ryan, The Economic Journal