Real Business Cycle Models in Economics (Routledge Studies in the History of Economics) - Hardcover

Young, Warren

Hardcover

ISBN 10: 0415475694 ISBN 13: 9780415475693

Publisher: Routledge, 2013

Synopsis

The purpose of this book is to describe the intellectual process by which Real Business Cycle models were developed. The approach taken focuses on the core elements in the development of RBC models: (i) building blocks, (ii) catalysts, and (iii) meta-syntheses. This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine the origins of the ideas. The analysis of the process their discovery is then set out followed by explanations of the evolution and dissemination of the models, from first generation papers through full blown research programs. This is supplemented by interviews and correspondence with the individuals who were at the center of the development of RBC models, such as Kydland, Prescott, Long, Plosser, King, Lucas and Barro, among others.

This book gets stright to the heart of the debates surrounding RBC models and as such contributes to a real assessment of their impact on modern macroeconomics. The volume, therefore, will interest all scholars looking at macroeconomics as well as historians of economic thought more generally.

About this title

About the Author

Warren Young is Associate Professor of Economics at Bar-Ilan University, Israel

Edition details

• Publisher: Routledge
• Publication date: 2013
• Language: English
• ISBN 10: 0415475694
• ISBN 13: 9780415475693
• Binding: Hardcover
• Edition number: 1
• Number of pages: 200