景気循環の理論とモデル Business Cycles: Fact, Fallacy and Fantasy

Altug, Sumru G

World Scientific Publishing Co Pte Ltd（2009/12発売）

• 製本 Hardcover:ハードカバー版／ページ数 160 p.
• 言語 ENG
• 商品コード 9789812832764
• DDC分類 338.542

基本説明

It examines the notion of a business cycle and discusses alternative approaches to modeling.

Full 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.

Contents

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;