Causal and Stochastic Elements in Business Cycles
Download or Read eBook Causal and Stochastic Elements in Business Cycles PDF written by Arvid Aulin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 132 pages. Available in PDF, EPUB and Kindle.
| Author | : Arvid Aulin |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 132 |
| Release | : 2012-12-06 |
| ISBN-10 | : 9783642957383 |
| ISBN-13 | : 3642957382 |
| Rating | : 4/5 (83 Downloads) |
Book Synopsis Causal and Stochastic Elements in Business Cycles by : Arvid Aulin
Book excerpt: A critical examination of The prevailing orthodoxy according to which all macroeconomic theory should be reducible to microeconomics. The book provides a mathematical extension of the Lucas theory to allow for the effects of creation of knowledge upon economic development so as to improve the prediction of business cycle data.
