The ABCs of RBCs: An Introduction to Dynamic Macroeconomic Models Illustrated Edition

4.9 out of 5 stars 19 ratings
ISBN-13: 978-0674028142
ISBN-10: 0674028147
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Editorial Reviews

Review

The ABCs of RBCs fills an important gap in the textbook literature in modern macroeconomics. It presents, in a self-contained, agile fashion, a variety of dynamic macroeconomic models that are currently used to understand business cycles in developed as well as developing countries.”Martin Uribe, Duke University

The ABCs of RBCs is a focused text that does exactly what it sets out to do, which is to explain the current techniques for the analysis of real business cycle models. A highly useful primer.”Kim Border, California Institute of Technology

“For every economist who ever felt stymied by the process of numerically approximating equilibria of [RBC] models, and for all current and future graduate students who are or who will be aiming to learn this technology, this book is a truly wonderful treatment--a user's guide--to moving from the set of first-order conditions and budget and resource constraints that characterize the solutions to these models to putting these models on a computer and making them operational...This is a textbook in the truest sense--every word, diagram, and table have been assembled to make learning this technology as transparent as possible. For the most part, the exposition is truly outstanding. As you read the text, you feel as if they were detailed notes written by someone in the process of learning and distilling a lot of information about a difficult and nuanced topic. And this is exactly how it was done, as noted by McCandless in the text...While there is some overlap with other treatments in the literature, there are aspects of the book that are done better here than elsewhere...The book excels exactly where many texts do not by being remarkably transparent and explicit. If you occasionally feel that advanced economics textbooks are a bit like those impossible "how-to-assemble furniture instructions" we have all sweated over, this book is for you...This book would be a terrific fit in a first year graduate course in macroeconomics...or used in a second year course that focuses on quantitative analysis of macroeconomic models.”Lee E. Ohanian, Journal of Economic Literature

About the Author

George McCandless is an economist at the Central Bank of Argentina.

Product details

  • Item Weight : 1.79 pounds
  • Hardcover : 448 pages
  • ISBN-10 : 0674028147
  • ISBN-13 : 978-0674028142
  • Product Dimensions : 6 x 1.01 x 9.25 inches
  • Publisher : Harvard University Press; Illustrated Edition (March 31, 2008)
  • Language: : English
  • Customer Reviews:
    4.9 out of 5 stars 19 ratings

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4.9 out of 5 stars
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Top reviews from the United States

Reviewed in the United States on June 14, 2010
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Reviewed in the United States on March 27, 2013
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Reviewed in the United States on March 28, 2014
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Reviewed in the United States on November 14, 2015
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Reviewed in the United States on October 7, 2010
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Reviewed in the United States on December 9, 2015
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Reviewed in the United States on September 28, 2014
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Reviewed in the United States on July 7, 2018

Top reviews from other countries

Paulo
5.0 out of 5 stars Inmense practical value
Reviewed in the United Kingdom on June 18, 2013
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Anon24000
4.0 out of 5 stars Very nice compendium of RBC models and applications
Reviewed in the United Kingdom on December 29, 2014
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Maciej Bitner
5.0 out of 5 stars Great book to start studying modern macroeconomic modeling
Reviewed in the United Kingdom on September 10, 2013
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Client d'Amazon
5.0 out of 5 stars Five Stars
Reviewed in Canada on April 7, 2017
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Priti Mendiratta Arora
5.0 out of 5 stars Five Stars
Reviewed in India on September 7, 2014
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