Real Business Cycles

Real Business Cycle Theory

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.

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.

Importance

Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.