Models of Business Cycles

by Robert E. Lucas Jr.

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 0631147896
• ISBN13: 9780631147893
• Release Date: January 1987
• Publisher: Blackwell Publishers
• Length: 115 Pages
• Weight: 0.60 lbs.