Endogeneity of Credit or Nominal Rigidities?

 

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  • Product Description
 

This book presents a theoretical model which tries to explain causes of business cycles ?uctuations and which has its roots in the Post-Keynesian stream of economic thought. According to this model, investment shocks together with endogeneity of money causes business cycles ?uctuations. This model is compared with existing New Keynesian models which assert that causes of business cycles ?uctuations are monetary policy shocks together with various nominal and real rigidities. Author uses econometric techniques(impulse-response functions and forecast error variance decomposition) to investigate which phenomenon contributes more to business cycles ?uctuations. Unfortunately, results do not enable to draw a straightforward conclusion. It seems that both phenomena play a certain role.

Product Specifications
SKU :COC69459
AuthorVaclav France
LanguageEnglish
BindingPaperback
Number of Pages92
Publishing Year2011-02-25T00:00:00.000
ISBN978-3844308877
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00
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