Finance in the Theory of Business Cycles

Indrajit, Mallick (2008): Finance in the Theory of Business Cycles. Published in: India Macreconomics Annual No. 2008 Issue (2008): pp. 145-160.

Abstract

Abstract

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

• Item Type: MPRA Paper
• Language: English
• Keywords: Business Cycles; Finance
• Subjects: G - Financial Economics > G0 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles

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