Advances in Business Cycle Research

Advances in Business Cycle Research

With Application to the French and US Economies

by Pierre-Yves Henin

412 pages· 2012· ISBN 9783642578175
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About
Models derived from the Real Business Cycle perspective have recently taken a major place in business cycle research. The papers in this present volume bring three contributions to this research programme: A critical evaluation of the canonical RBC models, new elements of empirical relevance, based on comparative calibration and testing, and new specifications, at the frontier of business cycle research, coping with non walrasian features, contracts and nominal rigidities, unemployment and growth.

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