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Business Cycle Theory - Oxford Scholarship Online
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Business Cycle Theory

Lutz G. Arnold


Business cycle theory is a broad and disparate field. Different schools of thought offer alternative explanations for cycles, often using different mathematical methods. This book aims to provide academics and graduate students of economics with an exposition of business cycle theory since Keynes. The author places the main theories — Keynesian economics, monetarism, new classical economics, the real business cycles theory, and new Keynesian economics — in a historical context by presenting them in the chronological order of their appearance and highlighting their differences and commonalities ... More

Keywords: business cycle theory, Keynesian economics, monetarism, new classical economics, real business cycles, new Keynesian economics, mathematical methods

Bibliographic Information

Print publication date: 2002 Print ISBN-13: 9780199256815
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780199256815.001.0001


Affiliations are at time of print publication.

Lutz G. Arnold, author
Professor of Economics, University of Regensburg