Hysteresis and Business Cycles
Title | Hysteresis and Business Cycles PDF eBook |
Author | Ms.Valerie Cerra |
Publisher | International Monetary Fund |
Pages | 50 |
Release | 2020-05-29 |
Genre | Business & Economics |
ISBN | 1513536990 |
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Endogenous Growth Theory
Title | Endogenous Growth Theory PDF eBook |
Author | Philippe Aghion |
Publisher | MIT Press |
Pages | 720 |
Release | 1998 |
Genre | Business & Economics |
ISBN | 9780262011662 |
"Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Endogenous Business Cycles and Growth
Title | Endogenous Business Cycles and Growth PDF eBook |
Author | |
Publisher | |
Pages | 26 |
Release | 2003 |
Genre | Business cycles |
ISBN |
Endogenous Business Cycles & Growth
Title | Endogenous Business Cycles & Growth PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 2003 |
Genre | |
ISBN |
Business Cycles
Title | Business Cycles PDF eBook |
Author | Victor Zarnowitz |
Publisher | University of Chicago Press |
Pages | 613 |
Release | 2007-11-01 |
Genre | Business & Economics |
ISBN | 0226978923 |
This volume presents the most complete collection available of the work of Victor Zarnowitz, a leader in the study of business cycles, growth, inflation, and forecasting.. With characteristic insight, Zarnowitz examines theories of the business cycle, including Keynesian and monetary theories and more recent rational expectation and real business cycle theories. He also measures trends and cycles in economic activity; evaluates the performance of leading indicators and their composite measures; surveys forecasting tools and performance of business and academic economists; discusses historical changes in the nature and sources of business cycles; and analyzes how successfully forecasting firms and economists predict such key economic variables as interest rates and inflation.
Cycles, Growth and Structural Change
Title | Cycles, Growth and Structural Change PDF eBook |
Author | Lionello F Punzo |
Publisher | Routledge |
Pages | 415 |
Release | 2003-09-02 |
Genre | Business & Economics |
ISBN | 1134530013 |
This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth and structural change. Employing a sophisticated level of mathematical modelling, the collection contains articles from, amongst others, William Baumol, Katsuhito Iwai and William Brock.
Growth and Business Cycles with Equilibrium Indeterminacy
Title | Growth and Business Cycles with Equilibrium Indeterminacy PDF eBook |
Author | Kazuo Mino |
Publisher | |
Pages | 230 |
Release | 2017 |
Genre | Economic development |
ISBN | 9784431556107 |