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Models of Business Cycles
Robert E. Lucas
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Description for Models of Business Cycles
Paperback. In the past decade macroeconomic theory has undergone a remarkable transformation. At the forefront has been the "rational expectations revolution," and this schoola s most brilliant exponent is Robert E. Lucas. Num Pages: 128 pages, 0. BIC Classification: KCB. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 142 x 9. Weight in Grams: 188.
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 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 ... Read more
Show LessProduct Details
Format
Paperback
Publication date
1987
Publisher
John Wiley and Sons Ltd United Kingdom
Number of pages
128
Condition
New
Number of Pages
128
Place of Publication
Hoboken, United Kingdom
ISBN
9780631147916
SKU
V9780631147916
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-4
About Robert E. Lucas
Robert E. Lucas Jr is Professor of Economics at the University of Chicago.
Reviews for Models of Business Cycles
"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