Suchergebnisse

1. Building blocks -- 2. The Kydland-Prescott research program : from "optimal stabilization" and "time inconsistency" to "time to build" -- 3. Kydland-Prescott and Long-Plosser : development and cross-fertilization -- 4. Themes, variations, and initial extensions -- 5. Debates, augmentation, and variations on the theme.

The purpose of this book is to describe the intellectual process by which Real Business Cycle models were developed. The approach taken focuses on the core elements in the development of RBC models: (i) building blocks, (ii) catalysts, and (iii) meta-syntheses. This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine the origins of the ideas. The analysis of the process their discovery is then set out followed by explanations of the evolution and dissemination of the models, from first generation papers through ful.

Abstract: The size of the prison population varies enormously from one jurisdiction to another, due to marked differences both in the extent to which imprisonment is used and in the average length of prison sentences. This article reviews many of the studies which have sought an explanation for these variations and considers the theories which they have proposed or tested. It concludes that neither 'deterministic' nor 'policy choice' explanations have proved satisfactory, and suggests that detailed cross‐cultural research on prison rates, which focusses upon not only the impact of quantitative demographic and socioeconomic variables but also the effect of different criminal justice structures and policies, is now required.