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Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.
Real Business Cycle theory combines the remains of monetarism with
the new classical macroeconomics, and has become one of the
dominant approaches within contemporary macroeconomics today. This
volume presents:
* the authoritative anthology in RBC. The work contains the major
articles introducing and extending the theory as well as critical
literature
* an extensive introduction which contains an expository summary
and critical evaluation of RBC theory
* comprehensive coverage and balance between seminal papers and
extensions; proponents and critics; and theory and empirics.
Macroeconomics is a compulsory element in most economics courses,
and this book will be an essential guide to one of its major
theories.
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