Business Cycle Theory P

Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical... » 

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, monetarism, new classical economics, the real business cycles theory, and new Keynesian economics - using a unifying mathematical approach.Contents/contributors 1 Introduction2 Keynesian Economics3 Monetarism4 New Classical Economics5 Real Business Cycle6 New Keynesian Economics7 Lessons About Business CyclesAppendix 1 Stochastic Second-Order Difference EquationsAppendix 2 The Over-Investment TheoryAppendix 3 Goodwinian Model «