Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Subject is the description of unvariate and multivariate business cycle stylized facts. A spectral analysis method (Maximum Entropy spectral estimation) novel in the analysis of economic time series is described and utilized. The method turns out to be superior to widely used time domain methods and the "classical" spectral estimate, the periodogram. The results for eleven OECD countries confirm and extend the basic set of stylized facts of traditional business cycle theory. The changing characteristics of the business cycle are analyzed by comparing the cyclical structure for the postwar and the prewar period. The results show that business cycle is mainly due to investment fluctuations.

Business & Economics --- Economic Theory --- Business cycles. --- AA / International- internationaal --- 304.4 --- 331.05 --- 331.01 --- Cyclische veranderingen. --- Econometrische analyse van de economische bewegingen en cycli. --- Evolutie van de economische cycli. --- Cycles économiques --- Economic theory. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Cyclische veranderingen --- Econometrische analyse van de economische bewegingen en cycli --- Evolutie van de economische cycli

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Capital investments --- Business cycles --- Uncertainty --- AA / International- internationaal --- 331.05 --- 339.312.0 --- 332.0415 --- Reasoning --- Economic cycles --- Economic fluctuations --- Cycles --- Financial crises --- Capital expenditures --- Capital improvements --- Capital spending --- Fixed asset expenditures --- Plant and equipment investments --- Plant investments --- Investments --- Econometrische analyse van de economische bewegingen en cycli. --- Investeringen: algemeenheden. --- Econometrische analyse van de economische bewegingen en cycli --- Investeringen: algemeenheden --- Business cycles.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

AA / International- internationaal --- 331.030 --- 331.05 --- 331.00 --- Conjunctuurschommelingen: algemeenheden. --- Econometrische analyse van de economische bewegingen en cycli. --- Economische bewegingen: algemeenheden. --- Conferences - Meetings --- Business cycles --- Congresses. --- Congresses --- Economische bewegingen: algemeenheden --- Conjunctuurschommelingen: algemeenheden --- Econometrische analyse van de economische bewegingen en cycli

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

"Real Business Cycle (RBC) Theory holds that random fluctuations in productivity are what causes the business cycle. Economists have come up with different models over the years which attempt to explain patterns in real business cycles, though the two which dominate proceedings are Kydland & Prescott's and Long & Plosser's models. The purpose of this book is to describe the intellectual process by which RBC models developed. The approach taken focuses on the core elements in the development of RBC models: (i) building blocks, (ii) catalysts, and (iii) meta-syntheses. This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine the origins of the ideas. The analysis of the process their discovery is then set out followed by explanations of the evolution and dissemination of the models, from first generation papers through full blown research programs. This is supplemented by interviews and correspondence with the individuals who were at the center of the development of RBC models, such as Kydland, Prescott, Long, Plosser, King, Lucas and Barro, among others. This book gets stright to the heart of the debates surrounding RBC models and as such contributes to a real assessment of their impact on modern macroeconomics. The volume, therefore, will interest all scholars looking at macroeconomics as well as historians of economic thought more generally"-- "The purpose of this book is to describe the intellectual process by which Real Business Cycle models developed. The approach taken focuses on the core elements in the development of RBC models: (i) building blocks, (ii) catalysts, and (iii) meta-syntheses. This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine the origins of the ideas. The analysis of the process their discovery is then set out followed by explanations of the evolution and dissemination of the models, from first generation papers through full blown research programs. This is supplemented by interviews and correspondence with the individuals who were at the center of the development of RBC models, such as Kydland, Prescott, Long, Plosser, King, Lucas and Barro, among others. This book gets stright to the heart of the debates surrounding RBC models and as such contributes to a real assessment of their impact on modern macroeconomics. The volume, therefore, will interest all scholars looking at macroeconomics as well as historians of economic thought more generally"--

Business cycles --- Mathematical models --- 330.3 --- 331.05 --- AA / International- internationaal --- Economic cycles --- Economic fluctuations --- Cycles --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Econometrische analyse van de economische bewegingen en cycli --- Business cycles - Mathematical models

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Business cycles --- Quantitative methods (economics) --- United States --- Mathematical models --- Economic conditions --- AA / International- internationaal --- 304.4 --- 331.05 --- 331.061 --- 330.3 --- Cyclische veranderingen. --- Econometrische analyse van de economische bewegingen en cycli. --- Economische vooruitzichten. --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Conferences - Meetings --- Cyclische veranderingen --- Econometrische analyse van de economische bewegingen en cycli --- Economische vooruitzichten --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Business cycles - Mathematical models - Congresses --- United States - Economic conditions - Mathematical models - Congresses