International business cycles : regime shifts in the stochastic process of economic growth
Title | International business cycles : regime shifts in the stochastic process of economic growth PDF eBook |
Author | Hans Martin Krolzig |
Publisher | |
Pages | 31 |
Release | 1996 |
Genre | Negocios |
ISBN |
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.
Economic Cycles
Title | Economic Cycles PDF eBook |
Author | Solomos Solomou |
Publisher | Manchester University Press |
Pages | 150 |
Release | 1998 |
Genre | Business cycles |
ISBN | 9780719041518 |
The ups and downs of booms and slumps, often referred to as business cycles, are features of all modern economies. This book considers business cycles over three epochs 1870-1913, 1919-1938 and the post-World War II period. It provides an analysis of the key macroeconomic questions relating to economic fluctuations. Why are the ups and down more volatile in some epochs than others? Why are some business cycle shocks more persistent in their effects? Is there an international business cycle? Can present business cycle features predict future patterns? What impact will institutional changes, such as EMU have on future fluctuations?
Business Cycles
Title | Business Cycles PDF eBook |
Author | Sumru G. Altug |
Publisher | World Scientific |
Pages | 161 |
Release | 2010 |
Genre | Business & Economics |
ISBN | 9812832785 |
This title provides an overview of the modern theory and empirics of business cycles. The book examines the notion of a business cycle and discusses alternative approaches to modelling. It also discusses what lies ahead for modern business cycle theory.
Business Cycles: Theories, Evidence and Analysis
Title | Business Cycles: Theories, Evidence and Analysis PDF eBook |
Author | International Economic Association |
Publisher | Palgrave Macmillan |
Pages | 496 |
Release | 1991-10-21 |
Genre | Business & Economics |
ISBN |
The new classical revolution seems to have transformed macroeconomics into the theory of economic fluctuations. It is, in a sense, a return to the origins of macroeconomics as a discipline as fashioned by Hayek, Keynes and Lindahl. But the scope has shifted in the intervening five decades and more. It is this new scope - and the new tools that forge its expansion - that are surveyed and analysed in this volume.
Economic Growth and Business Cycles
Title | Economic Growth and Business Cycles PDF eBook |
Author | Paolo Sylos Labini |
Publisher | Edward Elgar Publishing |
Pages | 264 |
Release | 1993 |
Genre | Business & Economics |
ISBN |
In this study, Professor Sylos Labini offers an analysis of growth that is at once theoretical, historical and statistical. The central aim of neo-classical economics has been to discover the equilibrium values of prices, incomes, employment and production. This text by contrast, seeks to understand the logic behind the movement of these quantities over time.
Is the Business Cycle a Necessary Consequence of Stochastic Growth?
Title | Is the Business Cycle a Necessary Consequence of Stochastic Growth? PDF eBook |
Author | Julio Rotemberg |
Publisher | |
Pages | 72 |
Release | 1994 |
Genre | Business cycles |
ISBN |