1.

Record Nr.

UNINA9910877867603321

Autore

Black Fischer <1938->

Titolo

Business cycles and equilibrium / / Fischer Black

Pubbl/distr/stampa

Hoboken, NJ, : Wiley, 2009

ISBN

0-470-54327-2

1-119-20307-4

1-282-30330-9

9786612303302

0-470-54325-6

Edizione

[Updated ed.]

Descrizione fisica

1 online resource (226 p.)

Disciplina

330.018

338.542

Soggetti

Business cycles

Equilibrium (Economics)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

Business Cycles and Equilibrium Updated Edition; Contents; Foreword; Introduction; Chapter 1: Banking and Interest Rates in a World Without Money; Chapter 2: Active and Passive Monetary Policy in a Neoclassical Model; Chapter 3: Rational Economic Behavior and the Balance of Payments; Chapter 4: Uniqueness of the Price Level in Monetary Growth Models with Rational Expectations; Chapter 5: Purchasing Power Parity in an Equilibrium Model; Chapter 6: Ups and Downs in Human Capital and Business; Chapter 7: How Passive Monetary Policy Might Work; Chapter 8: What a Non-Monetarist Thinks

Chapter 9: Global Monetarism in a World of National CurrenciesChapter 10: The ABCs of Business Cycles; Chapter 11: A Gold Standard with Double Feedback and Near Zero Reserves; Chapter 12: The Trouble with Econometric Models; Chapter 13: General Equilibrium and Business Cycles; Chapter 14: Noise; Index

Sommario/riassunto

An updated look at what Fischer Black's ideas on business cycles and equilibrium mean today Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute



this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions. With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Business Cycles and Equilibrium-with its