James Hartley, "Real Business Cycles: A Reader"
Routledge | 1998 | ISBN: 0415165687 | 688 pages | PDF | 4,8 MB

This volume fills a gap by presenting a collection of the essentialarticles that define and develop the real business cycle school, aswell as those that criticize it. Key areas include: the establishmentof the real business cycle program; the aims and methods of the realbusiness cycle school; analysis of the statistics and econometrics ofthe calibration techniques advocated by real business cycle modelers;assessment of the empirical success of the real business cycle modelfrom a variety of methods and perspectives; assessment of technicalchange and a critique of Solow's measure in business cycle models. RealBusiness Cycle Theory includes a detailed introduction and anon-technical User's Guuide to the formulation and solution of models.