Finance in the Theory of Business Cycles
AbstractAbstract The question of aggregate welfare over time makes business cycle studies important. Finance studies allocation of resources under uncertainty. Thus both these fields of study dwell on intertemporal resource allocation under uncertainty. This paper attempts to shed light on how finance can be integrated into business cycle theory to provide richer and deeper insights than the standard real business cycle theory. JEL Classification: E32, E44, G
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 15472.
Date of creation: 2008
Date of revision:
Business Cycles; Finance;
Find related papers by JEL classification:
- G0 - Financial Economics - - General
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
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