Advances in Business Cycle Research (eBook, PDF)

With Application to the French and US Economies
Redaktion: Henin, Pierre-Yves

• Format: PDF

Produktbeschreibung

Models derived from the Real Business Cycle perspective have recently taken a major place in business cycle research. The papers in this present volume bring three contributions to this research programme: A critical evaluation of the canonical RBC models, new elements of empirical relevance, based on comparative calibration and testing, and new specifications, at the frontier of business cycle research, coping with non walrasian features, contracts and nominal rigidities, unemployment and growth.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 412
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9783642578175
• Artikelnr.: 53197910

Inhaltsangabe

On the Theoretical Relevance and Empirical Validity of Augmented Real Business Cycle Models: An Introduction.- 1 Why to Consider Augmented Real Business Cycle Models?.- 2 Walrasian ARBC Models.- 3 Non Walrasian Models and Other Developments.- 4 Looking at the Future : Beyond ARBC Models.- I Advances into RBC Framework.- 1 Presentation and Evaluation of the Real Business Cycles Approach.- 2 A RBC Model for Explaining Cyclical Labor Market Features.- 3 Cash-In-Advance Constraint and the Business Cycle.- 4 The International Transmission of Real Business Cycles.- 5 A Small Open Economy RBC Model: the French Economy Case.- II Advances beyond RBC Framework.- 6 Nominal Rigidities and Monopolistic Competition: A New-Keynesian View.- 7 Nominal Wage Contracts and the Short-Run Dynamics of Real Wages.- 8 Unemployment and Business Cycle : a General Equilibrium Matching Model.- 9 Business Cycle and Endogenous Growth : Learning by Doing versus Rationalizing.- 10 Statistical Evaluation of the RBC Model.