Business cycles and equilibrium /

Black, Fischer,

Business cycles and equilibrium / Fischer Black. - Oxford [Oxfordshire] UK ; New York, N.Y., USA : B. Blackwell, 1987. - xi, 180 p. ; 23 cm.

Includes bibliographies and index.

Banking and interest rates in a world without money; active and passive monetary policy in a neoclassical model; rational economic behaviour and the balance of payments; uniqueness of the price level in monetary growth models with rational expectations; purchasing power parity in an equilibrium model; ups and downs in human capital and business; how passive monetary policy might work; what a non-monetarist thinks; global monetarism in a world of national currencies; the ABCs of business cycles; a gold standard with double feedback and near zero reserves; the trouble with econometric models; general equilibrium and business cycles; noise.


eng.

9780631174936 TZS 4,500/=


Business cycles.
Equilibrium (Economics)

330.1543 BLA

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