
Does real business cycle theory ignore depressions?
10 Mar 2020 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, Edward Prescott, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, labour economics, labour supply, macroeconomics, monetarism, monetary economics, public economics, Robert E. Lucas Tags: real business cycle theory

New classical macroeconomics and real business cycle theory are different macroeconomic schools
28 Feb 2020 Leave a comment

Lucas and Sargent (1979) on propagation in equilibrium business cycle models
28 Feb 2020 Leave a comment

Does neoclassical macroeconomics rule out depressions?
27 Feb 2020 Leave a comment
in business cycles, econometerics, economic history, Edward Prescott, global financial crisis (GFC), great depression, great recession, history of economic thought, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, politics - USA, public economics, Robert E. Lucas, unemployment, unions Tags: Keynesian macroeconomics, new classical macroeconomics, New Keynesian macroeconomics, real business cycle theory

Nobel Prize Winner in Economist 1995 – Robert Emerson Lucas
20 Feb 2020 Leave a comment
in business cycles, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas
Lucas and Sargent on equilibrium macroeconomics and imperfect information
16 Feb 2020 Leave a comment
in business cycles, economics of information, macroeconomics, monetary economics, Robert E. Lucas Tags: Keynesian macroeconomics, new classical macroeconomics, New Keynesian macroeconomics

Edward Prescott, Monetary Policy with 100% Reserve Banking: An Exploration
12 Feb 2020 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, econometerics, economic history, Edward Prescott, global financial crisis (GFC), great depression, great recession, industrial organisation, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights, Public Choice, Robert E. Lucas Tags: real business cycles







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