MARC Record from marc_nuls

LEADER: 02901cam 2200433 a 4500
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029 1 $aHEBIS$b214464202
035 $a(CSdNU)u405666-01national_inst
035 $a(OCoLC)299694479
035 $a(OCoLC)299694479
035 $a(OCoLC)299694479
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049 $aCNUM
050 00 $aHB3711$b.B497 2010
082 00 $a338.5/42$222
100 1 $aBlack, Fischer,$d1938-
245 10 $aBusiness cycles and equilibrium /$cFischer Black.
250 $aUpdated ed.
260 $aHoboken, N.J. :$bJohn Wiley,$cc2010.
300 $axxvi, 197 p. ;$c24 cm.
504 $aIncludes bibliographical references and index.
505 0 $aBanking and interest rates in a world without money : the effects of uncontrolled banking -- Active and passive monetary policy in a neoclassical model -- Rational economic behavior and the balance of payments -- Uniqueness of the price level in monetary growth models with rational expectations -- Purchasing power parity in an equilibrium model -- Ups and downs in human capital and business -- How passive monetary policy might work -- What a non-monetarist thinks -- Global monetarism in a world of national currencies -- The ABCs of business cycles -- A gold standard with double feedback and near zero reserves -- The trouble with econometric models -- General equilibrium and business cycles -- Noise.
520 $aWith the newfound popularity of quantitative finance and risk management, the work of award-winning economist Fischer Black (who died of cancer in 1995) has garnered much attention. This book--with its theory that economic and financial markets are in a continual equilibrium--is one of his books that still rings true today, given the current economic crisis. This Updated Edition clearly presents Black's classic theory on business cycles and the concept of equilibrium, and contains a new introduction by the person who knows Black best: Perry Mehrling. Mehrling goes inside Black's life to uncover what was occurring during the time Black wrote Business Cycles and Equilibrium, while also shedding light on what Black would make of today's financial and economic meltdown and how he would best advise to move forward.--From publisher description.
650 0 $aBusiness cycles.
650 0 $aEquilibrium (Economics)
938 $aYBP Library Services$bYANK$n3056756
947 $fSOBM-ECON$hCIRCSTACKS$p$42.96$q1
949 $aHB3711 .B497 2010$i31786102635866
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999 $aHB 3711 .B497 2010$wLC$c1$i31786102635866$d7/3/2012$e6/15/2012 $lCIRCSTACKS$mNULS$n2$rY$sY$tBOOK$u6/28/2010