Real Business Cycles

<p>Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents:<br> * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature<br> * an extensive introduction which contains an expository summary and critical evaluation of RBC theory<br> * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics.<br> Macroeconomics is a compulsory element in most economics courses and this book will be an essential guide to one of its major theories.</p>