Finance in the Theory of Business Cycles

India Macroeconomics Annual, pp 145-160, 2008

28 Pages Posted: 8 May 2009 Last revised: 13 Jul 2014

See all articles by Indrajit Mallick

Indrajit Mallick

Centre for Studies in Social Sciences Calcutta

Date Written: May 5, 2009

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.

Keywords: Finance, Real Busincess Cycle Theory, Uncertainty

JEL Classification: E32, E44, G

Suggested Citation

Mallick, Indrajit, Finance in the Theory of Business Cycles (May 5, 2009). India Macroeconomics Annual, pp 145-160, 2008 , Available at SSRN: https://ssrn.com/abstract=1399326

Indrajit Mallick (Contact Author)

Centre for Studies in Social Sciences Calcutta ( email )

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