The ABCs of Rbcs: An Introduction to Dynamic Macroeconomic Models

by George McCandless

The ABCs of RBCs is the first book to provide a basic introduction to Real Business Cycle (RBC) and New-Keynesian models. These models argue that random shocks--new inventions, droughts, and wars, in the case of pure RBC models, and monetary and fiscal policy and international investor risk aversion, in more open interpretations--can trigger booms and recessions and can account for much of observed output volatility.

George McCandless...

• Format: Hardcover
• Language: English
• ISBN: 0674028147
• ISBN13: 9780674028142
• Release Date: March 2008
• Publisher: Harvard University Press
• Length: 448 Pages
• Weight: 1.72 lbs.
• Dimensions: 1.4" x 6.6" x 9.2"