We review the labor market implications of recent real-business-cycle models that successfully replicate the empirical equity premium. We document the fact that all models considered in this survey with the exception of Boldrin, Christiano, and Fisher (2001) imply a negative correlation of...

Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic...

Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic...

Dieses Buch ist einem akademischen Lehrer und Forscher gewidmet, dessen Werk ein breites Spektrum aufweist, das sich entlang der Zeitachse merklich von rein ökonomischen hin zu ökologisch motivierten Fragestellungen verschoben hat. Joachim Klaus hat das Preisniveau in die postkeynesianische...