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Synopsis
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.
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Review
"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." Kyklos
About the Author
Robert E. Lucas Jr is Professor of Economics at the University of Chicago.
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Models of Business Cycles
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Wiley & Sons, Incorporated, John, 1987
ISBN 10: 0631147896
ISBN 13: 9780631147893
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Models of business cycles (YrjoÌ Jahnsson lectures)
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Condition: good. A copy that has been read, remains in good condition. All pages are intact, and the cover is intact. The spine and cover show signs of wear. Pages can include notes and highlighting and show signs of wear, and the copy can include "From the library of" labels or previous owner inscriptions. 100% GUARANTEE! Shipped with delivery confirmation, if you're not satisfied with purchase please return item! Ships via media mail. Seller Inventory # OTV.0631147896.G
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Models of Business Cycles Yrjö Jahnsson Lectures
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gebundene Ausgabe. Condition: Gut. 115 Seiten Das hier angebotene Buch stammt aus einer teilaufgelösten wissenschaftlichen Bibliothek und trägt die entsprechenden Kennzeichnungen (Rückenschild, Instituts-Stempel.); Schnitt und Einband sind etwas staubschmutzig; der Buchzustand ist ansonsten ordentlich und dem Alter entsprechend gut. Sprache: Englisch Gewicht in Gramm: 240. Seller Inventory # 1647786
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Models Of Business Cycles
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Models of Business Cycles
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Models of business cycles. (Yrjö Jahnsson lectures ). Ex-Library.
Published by
Basil Blackwell, (Oxford, UK. & New York), 1987
ISBN 10: 0631147896
ISBN 13: 9780631147893
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Seller: Yushodo Co., Ltd., Fuefuki-shi, Yamanashi Pref., Japan
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Hardcover. Condition: Good. No Jacket. 115 p. Seller Inventory # GU3366