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About Wieland 210C S18 Lecture Notes
The document contains lecture notes on business cycle models. It begins by presenting a basic real business cycle (RBC) model with a representative household and firm. The household seeks to maximize utility from consumption and labor subject to a budget constraint. The firm rents capital and labor to produce output. The model is then linearized around the steady state and calibrated. Various shocks are introduced to analyze their impacts using comparative statics. Later sections discuss extensions of the basic RBC model and models with price rigidities, and the role of monetary policy.
Detailed Information
| Author: | ['Luigi Dela Peña'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 164 |
| Language: | English |
| Format: | |
| Price: | FREE |
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