Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book provides a compact exposition of the main theories since Keynes--Keynesian economics, monetorism, new classical economics, the real business cycles theory, and new Keynesian economics--using a unified mathematical approach.
Inhaltsverzeichnis
- 1: Introduction
- 2: Keynesian Economics
- 3: Monetarism
- 4: New Classical Economics
- 5: Real Business Cycle
- 6: New Keynesian Economics
- 7: Lessons About Business Cycles
- Appendix 1: Stochastic Second-Order Difference Equations
- Appendix 2: The Over-Investment Theory
- Appendix 3: Goodwinian Model
