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Modern Business Cycle Theory: Robert J. Barro

This document is a book titled "Modern Business Cycle Theory" edited by Robert J. Barro. It contains 7 chapters written by different authors on topics related to modern business cycle theory, including real business cycle models, capital accumulation, rational expectations, consumption, fiscal policy, monetary policy, and alternative monetary models. The book provides an overview of key concepts and issues in modern business cycle theory through contributions from leading economists in the field.

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155 views2 pages

Modern Business Cycle Theory: Robert J. Barro

This document is a book titled "Modern Business Cycle Theory" edited by Robert J. Barro. It contains 7 chapters written by different authors on topics related to modern business cycle theory, including real business cycle models, capital accumulation, rational expectations, consumption, fiscal policy, monetary policy, and alternative monetary models. The book provides an overview of key concepts and issues in modern business cycle theory through contributions from leading economists in the field.

Uploaded by

dbr trackd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Modern

Business Cycle
Theory

EDITED BY
Robert J. Barro

Harvard University Press


Cambridge, Massachusetts
Contents

Introduction 1
Robert J. Barro
1 Real Business Cycle Models 16
Bennett T. McCallum
2 Capital Accumulation in the Theory of Long-Run Growth 51
Paul M. Romer
3 Rational Expectations and the Informational Role
of Prices 128
Sanford J. Grossman
4 Consumption 153
Robert E. Hall
5 The Neoclassical Approach to Fiscal Policy 178
Robert J. Barro
6 Reputation, Coordination, and Monetary Policy 236
Kenneth Rogoff
-0
7 Time Consistency and Policy 265
V. V. Chari, Patrick J. Kehoe, and Edward C. Prescott
8 Some Alternative Monetary Models and Their Implications
for the Role of Open-Market Policy 306
Neil Wallace

Contributors 330
Index 331

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