Frank & Eileen

Black, F: Business Cycles and Equilibrium by Fischer Black [Hardback]

Description: An updated look at what Fischer Black's ideas on business cycles and equilibrium mean today Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions. With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Business Cycles and Equilibrium-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, author of Fischer Black and the Revolutionary Idea of Finance (Wiley). 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. The essays within this book reach some interesting conclusions concerning the role of equilibrium in a developed economy * Warns about the use and abuse of modeling * Explains the risky business of risk in a straightforward and accessible style * Contains chapters dedicated to "the effects of uncontrolled banking," "the trouble with econometric models," and "the effects of noise on investing" * Includes commentary on Black's life and work at the time Business Cycles and Equilibrium was written as well as insight as to what Black would make of the current financial meltdown Engaging and informative, the Updated Edition of Business Cycles and Equilibrium will give you a better understanding of what is really going on during these uncertain and volatile financial times. Fischer Black is regarded as one of the great innovators of modern finance theory. He is most famous for cofounding the legendary Black-Scholes equation, although he contributed much more to finance in the areas of portfolio insurance, commodity futures pricing, bond swaps, interest rate futures, and global asset allocation models. Black worked at the University of Chicago and the MIT Sloan School of Management, as well as Goldman Sachs. He received his PhD in applied mathematics from Harvard University. Black died in 1995, two years before the Nobel Prize was awarded to Myron Scholes and Robert C. Merton for their work on option pricing. Since the Nobel Prize is not given posthumously, Black was given a prominent mention for the key role he played in developing the equation. Foreword. Introduction. Chapter 1: Banking and Interest Rates in a World Without Money: The Effects of Uncontrolled Banking. Chapter 2: Active and Passive Monetary Policy in a Neoclassical Model. Chapter 3: Rational Economic Behavior and the Balance of Payments. Chapter 4: Uniqueness of the Price Level in Monetary Growth Models with Rational Expectations. Chapter 5: Purchasing Power Parity in an Equilibrium Model. Chapter 6: Ups and Downs in Human Capital and Business. Chapter 7: How Passive Monetary Policy Might Work. Chapter 8: What a Non-Monetarist Thinks. Chapter 9: Global Monetarism in a World of National Currencies. Chapter 10: The ABCs of Business Cycles. Chapter 11: A Gold Standard with Double Feedback and Near Zero Reserves. Chapter 12: The Trouble with Econometric Models. Chapter 13: General Equilibrium and Business Cycles. Chapter 14: Noise. Index.

Price: 30.47 GBP

Location: Gloucester

End Time: 2025-01-10T05:59:49.000Z

Shipping Cost: 18.05 GBP

Product Images

Black, F: Business Cycles and Equilibrium by Fischer Black [Hardback]Black, F: Business Cycles and Equilibrium by Fischer Black [Hardback]

Item Specifics

Return postage will be paid by: Buyer

Returns Accepted: Returns Accepted

After receiving the item, your buyer should cancel the purchase within: 60 days

Return policy details:

EAN: 9780470499177

UPC: 9780470499177

ISBN: 9780470499177

MPN: N/A

Book Title: Black, F: Business Cycles and Equilibrium by Fisch

Item Length: 23.5 cm

Number of Pages: 224 Pages

Language: English

Publication Name: Business Cycles and Equilibrium

Publisher: John Wiley & Sons INC International Concepts

Publication Year: 2009

Subject: Economics, Finance

Item Height: 237 mm

Item Weight: 482 g

Type: Textbook

Author: Fischer Black

Item Width: 156 mm

Format: Hardcover

Recommended

F BLACK BY FERRAGAMO-EDT-SPRAY-3.4 OZ-100 ML-AUTHENTIC-MADE IN ITALY
F BLACK BY FERRAGAMO-EDT-SPRAY-3.4 OZ-100 ML-AUTHENTIC-MADE IN ITALY

$34.99

View Details
HO Drive Belt Rubber Band 25 Black! Hi-F Hustler RDC Plow F3 F7 GP9 ATH90101
HO Drive Belt Rubber Band 25 Black! Hi-F Hustler RDC Plow F3 F7 GP9 ATH90101

$3.79

View Details
1Pcs For 2004-2016 BLACK OUT Edge Explorer Ford Emblem 9 Inch F150 Front Grill
1Pcs For 2004-2016 BLACK OUT Edge Explorer Ford Emblem 9 Inch F150 Front Grill

$15.49

View Details
Fits 2005-2014 Ford F150 FRONT GRILLE/ TAILGATE 9 inch all-black Oval Emblem
Fits 2005-2014 Ford F150 FRONT GRILLE/ TAILGATE 9 inch all-black Oval Emblem

$15.59

View Details
Carbon Fiber Black Side Mirror Cover Caps for BMW 3 Series F30 F31 320i 328i
Carbon Fiber Black Side Mirror Cover Caps for BMW 3 Series F30 F31 320i 328i

$19.95

View Details
1x F LOGO BLACK Stainless Metal License Plate Frame + Screw Caps
1x F LOGO BLACK Stainless Metal License Plate Frame + Screw Caps

$14.35

View Details
6 Packs 85512, Zebra F-Refills For F-301 Series, F-402, F-701, 0.7mm Black Ink
6 Packs 85512, Zebra F-Refills For F-301 Series, F-402, F-701, 0.7mm Black Ink

$15.99

View Details
Unisex Adult Jacket Black Ebroidered Cotton Padded F 1 Racing Jacket
Unisex Adult Jacket Black Ebroidered Cotton Padded F 1 Racing Jacket

$75.00

View Details
Lexmark 56F1000 Black High Yield Toner - NEW FACTORY SEALED - SHIPS FREE!
Lexmark 56F1000 Black High Yield Toner - NEW FACTORY SEALED - SHIPS FREE!

$159.00

View Details
For Lexus Trunk Logo Badge Emblem Car Exterior Replace Gloss Black F-Sport IS GS
For Lexus Trunk Logo Badge Emblem Car Exterior Replace Gloss Black F-Sport IS GS

$27.99

View Details