The ABCs of RBCs : : An Introduction to Dynamic Macroeconomic Models / / 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,...
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| Superior document: | Title is part of eBook package: De Gruyter HUP eBook Package Archive 1893-1999 |
|---|---|
| VerfasserIn: | |
| Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2008] ©2008 |
| Year of Publication: | 2008 |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (448 p.) |
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Table of Contents:
- Frontmatter
- Contents
- Preface
- Introduction
- PART ONE: BASIC MODELS AND SOLUTION METHODS
- 1 The Basic Solow Model
- 2 Savings in an OLG Model
- 3 Infinitely Lived Agents
- 4 Recursive Deterministic Models
- 5 Recursive Stochastic Models
- 6 Hansen’s RBC Model
- 7 Linear Quadratic Dynamic Programming
- PART TWO: EXTENSIONS OF THE BASIC RBC MODEL
- 8 Money: Cash in Advance
- 9 Money in the Utility Function
- 10 Staggered Pricing Model
- 11 Staggered Wage Setting
- 12 Financial Markets and Monetary Policy
- 13 Small Open Economy Models
- References
- Index