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Real Business Cycle theory combines the remains of monetarism with the new classical macroeconomics, and has become one of the dominant approaches within contemporary macroeconomics today. This volume presents: * the authoritative anthology in RBC. The work contains the major articles introducing and extending the theory as well as critical literature * an extensive introduction which contains an expository summary and critical evaluation of RBC theory * comprehensive coverage and balance between seminal papers and extensions; proponents and critics; and theory and empirics. Macroeconomics is a compulsory element in most economics courses, and this book will be an essential guide to one of its major theories.

Business cycles --- 330.33 --- Conjunctuurtheorieen. Krisistheorieen. Kondratiefcyclus --- 338.542 --- Economic cycles --- Economic fluctuations --- Cycles --- Financial crises --- Business cycles. --- AA / International- internationaal --- 331.01 --- Evolutie van de economische cycli. --- 330.33 Conjunctuurtheorieen. Krisistheorieen. Kondratiefcyclus --- Evolutie van de economische cycli

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Since the discovery in 1986 of high temperature superconductors by J. G. Bednorz and K. A. Müller, a considerable progress has been made and several important scientific problems have emerged. Within this NATO Advanced Study Institute our intention was to focus mainly on the controversial topic of the symmetry of the superconducting gap and given the very short coherence length, the role of fluctuations. The Institute on ‘The Gap Symmetry and Fluctuations in High- Superconductors’ took place in the “Institut d’Etudes Scientifiques de Cargèse” in Corsica, France, between 1 - 13 September 1997. The 110 participantsfrom 18 countries (yet 30 nationalities) including 23 full time lecturers, have spent two memorable weeks in this charming Mediterranean resort. All lecturers were asked to prepare pedagogical papers to clearly present the central physical idea behind specific model or experiment. The better understanding of physics of high temperature superconductivity is certainly needed to guide the development of applications of these materials in high and weak current devices.

Energy gap (Physics) -- Congresses. --- Fluctuations (Physics) -- Congresses. --- High-temperature superconductors -- Congresses. --- High temperature superconductors --- Energy gap (Physics) --- High-temperature superconductors --- Physics. --- Solid state physics. --- Spectroscopy. --- Microscopy. --- Electrical engineering. --- Solid State Physics. --- Spectroscopy and Microscopy. --- Electrical Engineering. --- Fluctuations (Physics) --- Electron configuration --- Congresses --- Computer engineering. --- Electric engineering --- Engineering --- Analysis, Microscopic --- Light microscopy --- Micrographic analysis --- Microscope and microscopy --- Microscopic analysis --- Optical microscopy --- Optics --- Analysis, Spectrum --- Spectra --- Spectrochemical analysis --- Spectrochemistry --- Spectrometry --- Spectroscopy --- Chemistry, Analytic --- Interferometry --- Radiation --- Wave-motion, Theory of --- Absorption spectra --- Light --- Spectroscope --- Physics --- Solids --- Qualitative --- Analytical chemistry

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Climatic changes --- Meteorology & Climatology --- Earth & Environmental Sciences --- Changes, Climatic --- Changes in climate --- Climate change --- Climate change science --- Climate changes --- Climate variations --- Climatic change --- Climatic fluctuations --- Climatic variations --- Global climate changes --- Global climatic changes --- Climatology --- Climate change mitigation --- Teleconnections (Climatology) --- Environmental aspects --- Geografie --- Fysische geografie --- Klimaat --- (Klimatologie, Meteorologie, Klimaatsveranderingen). --- Alps Region --- Climate. --- Alpenraum --- Global environmental change

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Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated.

Inflation --- Labor --- Macroeconomics --- Price Level --- Deflation --- Prices, Business Fluctuations, and Cycles: Forecasting and Simulation --- Unemployment: Models, Duration, Incidence, and Job Search --- Wages, Compensation, and Labor Costs: General --- Labour --- income economics --- Unemployment --- Import prices --- Unemployment rate --- Labor costs --- Prices --- Imports --- United States

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This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the markets for manufactured goods are less competitive than the markets for primary commodities, the volatility of relative commodity prices rises when exchange rate uncertainty increases. If demand for manufactured goods is intertemporally dependent, even a small increase in exchange rate uncertainty can result in potentially large costs in terms of increased relative commodity price instability.

Foreign Exchange --- Macroeconomics --- Open Economy Macroeconomics --- Industrial Organization and Macroeconomics: Industrial Structure and Structural Change --- Industrial Price Indices --- International Monetary Arrangements and Institutions --- Commodity Markets --- Currency --- Foreign exchange --- Exchange rates --- Exchange rate adjustments --- Exchange rate arrangements --- Commodity price fluctuations --- Commodity prices --- Prices --- United States