Book Cover
Book
Author Lucas, Robert E., Jr.

Title Models of business cycles / Robert E. Lucas, Jr
Published Oxford, OX, UK ; Cambridge, Mass., USA : B. Blackwell, 1987
[(1990?])

Copies

Location Call no. Vol. Availability
 MELB  338.5420724 Luc/Mob  AVAILABLE
Description 115 pages ; 23 cm
Series Yrjo Jahnsson lectures
Yrjö Jahnsson lectures.
Summary "In the past decade macroeconomic theory has undergone a remarkable transformation. At the forefront has been the "rational expectations revolution," and this school's most brilliant exponent is Robert E. Lucas. In this elegant and relatively non-technical survey, Lucas reviews the nature and consequences of recent developments in monetary and business cycle theory. He discusses the usefulness of alternative models in determining the effects of economic policy on consumption streams and individual welfare. Drawing on a specific model of aggregate activity which represents the current frontier in business cycle research, he then examines the contemporary theory of unemployment. Finally and most controversially, he explores the role of monetary disturbances."--Back Cover
Analysis Macroeconomics Theories
Notes Includes index
Bibliography Includes bibliographical references and index
Subject Business cycles -- Mathematical models.
Macroeconomics.
LC no. 86017622
ISBN 0631147896
0631147918 (paperback)
Other Titles Yrjo Jahnsson lectures