Journal of Economic Literature Vol. 47 No. 4 2009
Book Reviews
Abstract
Lee E. Ohanian of University of California, Los Angeles reviews “The ABCs of RBCs: An Introduction to Dynamic Macroeconomic Models” by George McCandless,. The EconLit Abstract of the reviewed work begins “Provides a basic introduction to real business cycle and New Keynesian models. Discusses the basic Solow model; savings in an overlapping generations model; infinitely lived agents; recursive deterministic models; recursive stochastic models; Gary Hansen’s real business cycle model; linear quadratic dynamic programming; money--cash in advance; money in the utility function; the staggered pricing model; staggered wage setting; financial markets and monetary policy; and small open economy models. McCandless is an economist at the Central Bank of Argentina. Index.”
- DOI
- 10.1257/jel.47.4.1126.r2
- Volume
- 47
- Issue
- 4
- Pages
- 1129-1131
- Language
- en
- Sources
- crossref