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Is The Business Cycle Obsolete
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Author :Social Science Research Council U.S. Committee on Economic Stability Conference on the Business Cycle 1967 London Publisher : ISBN 13 : Total Pages : pages Book Rating :4.:/5 (111 download)
Book Synopsis Is the Business Cycle Obsolete? Based on a Conference ... by : Social Science Research Council U.S. Committee on Economic Stability Conference on the Business Cycle 1967 London
Download or read book Is the Business Cycle Obsolete? Based on a Conference ... written by Social Science Research Council U.S. Committee on Economic Stability Conference on the Business Cycle 1967 London and published by . This book was released on 1969 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Social Science Research Council (U.S.). Committee on Economic Stability Publisher :New York : Wiley-Interscience ISBN 13 : Total Pages :600 pages Book Rating :4.3/5 (91 download)
Book Synopsis Is the Business Cycle Obsolete? by : Social Science Research Council (U.S.). Committee on Economic Stability
Download or read book Is the Business Cycle Obsolete? written by Social Science Research Council (U.S.). Committee on Economic Stability and published by New York : Wiley-Interscience. This book was released on 1969 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Business Cycle Theory by : Günter Gabisch
Download or read book Business Cycle Theory written by Günter Gabisch and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Is the business cycle obsolete?" This often cited title of a book edited by Bronfenbren ner with the implicit affirmation of the question reflected the attitude of mainstream macroeconomics in the Sixties regarding the empirical relevance of cyclic motions of an economy. The successful income policies, theoretically grounded in Keynesian macroec onomics, seemed to have eased or even abolished the fluctuations in West,ern economies which motivated studies of many classical and neoclassical economists for more than 100 years. The reasoning behind the conviction that business cycles would increasingly become irrelevant was rather simple: if an economy fluctuates for whatever reason, then it is almost always possible to neutralize these cyclic motions by means of anti-cyclic demand policies. From the 1950's until the mid-Sixties business cycle theory had often been consid ered either as an appendix to growth theory or as an academic exercise in dynamical economics. The common business cycle models were essentially multiplier-accelerator models whose sensitive dependence on parameter values (in order to be called busi ness cycle models) suggested a rather improbable occurrence of continuing oscillations. The obvious success in compensating business cycles in those days prevented intensive concern with the occurrence of cycles. Rather, business cycle theory turned into sta bilization theory which investigated theoretical possibilities of stabilizing a fluctuating economy. Many macroeconomic textbooks appeared in the Sixties which consequently identified business cycle theory with inquiries on the possibilities to stabilize economies 2 Introduction by means of active fiscal or monetary policies.
Book Synopsis Is the Business Cycle Obsolete? by : Robert Aaron Gordon
Download or read book Is the Business Cycle Obsolete? written by Robert Aaron Gordon and published by . This book was released on 1969 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is the business cycle obsolete? by : Martin Bronfenbrenner
Download or read book Is the business cycle obsolete? written by Martin Bronfenbrenner and published by . This book was released on 1966 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is the Business Cycle Obsolete? by : R. A. Gordon
Download or read book Is the Business Cycle Obsolete? written by R. A. Gordon and published by . This book was released on 1967 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is the Business Cycle Obsolete by : Martin Bronfenbrenner
Download or read book Is the Business Cycle Obsolete written by Martin Bronfenbrenner and published by . This book was released on 1969 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is the business cycle obsolete. ed. by b by : Martin Bronfenbrenner
Download or read book Is the business cycle obsolete. ed. by b written by Martin Bronfenbrenner and published by . This book was released on 1969 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The American Business Cycle by : Robert J. Gordon
Download or read book The American Business Cycle written by Robert J. Gordon and published by University of Chicago Press. This book was released on 2007-11-01 with total page 882 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depression. These circumstances have prompted renewed interest in the concept of business cycles, which Joseph Schumpeter suggested are "like the beat of the heart, of the essence of the organism that displays them." In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks? How have post-1946 cycles differed from earlier cycles? And, what are the major factors that contribute to business cycles? They extend their investigation in some areas as far back as 1875 to afford a deeper understanding of both economic history and the most recent economic fluctuations. Seven papers address specific aspects of economic activity: consumption, investment, inventory change, fiscal policy, monetary behavior, open economy, and the labor market. Five papers focus on aggregate economic activity. In a number of cases, the papers present findings that challenge widely accepted models and assumptions. In addition to its substantive findings, The American Business Cycle includes an appendix containing both the first published history of the NBER business-cycle dating chronology and many previously unpublished historical data series.
Book Synopsis Modern Business Cycle Theory by : Robert J. Barro
Download or read book Modern Business Cycle Theory written by Robert J. Barro and published by . This book was released on 1989 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new classical approach to macroeconomics, which assumes that people gather and use economic information efficiently, has been the most important theoretical advance since the Keynesian revolution of the 1930s. This book surveys the major contributions of the "second generation" of proponents of the new classical approach, emphasizing real business cycle theories and applying them to a variety of phenomena. The chapters include expositions of growth theory, real models of business fluctuations, the informational role of prices, consumption, fiscal policy, rules versus discretion in monetary policy, time consistency and policy, and monetary models. Although the chapters are aimed at advanced undergraduate- and graduate-level students, they will also be of interest to researchers who are looking for a compact and original exposition of the new classical macroeconomics.
Book Synopsis Analyzing Modern Business Cycles: Essays Honoring by : Philip A Klein
Download or read book Analyzing Modern Business Cycles: Essays Honoring written by Philip A Klein and published by Routledge. This book was released on 2017-10-03 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 1990.
Book Synopsis The Stability of the American Economy by : R. A. Gordon
Download or read book The Stability of the American Economy written by R. A. Gordon and published by . This book was released on 1967 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Business Cycle: Theories and Evidence by : M.T. Belongia
Download or read book The Business Cycle: Theories and Evidence written by M.T. Belongia and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: These proceedings, from a conference held at the Federal Reserve Bank of St. Louis on October 17-18, 1991, attempted to layout what we currently know about aggregate economic fluctuations. Identifying what we know inevitably reveals what we do not know about such fluctuations as well. From the vantage point of where the conference's participants view our current understanding to be, these proceedings can be seen as suggesting an agenda for further research. The conference was divided into five sections. It began with the formu lation of an empirical definition of the "business cycle" and a recitation of the stylized facts that must be explained by any theory that purports to capture the business cycle's essence. After outlining the historical develop ment and key features of the current "theories" of business cycles, the conference evaluated these theories on the basis of their ability to explain the facts. Included in this evaluation was a discussion of whether (and how) the competing theories could be distinguished empirically. The conference then examined the implications for policy of what is known and not known about business cycles. A panel discussion closed the conference, high lighting important unresolved theoretical and empirical issues that should be taken up in future business cycle research. What Is a Business Cycle? Before gaining a genuine understanding of business cycles, economists must agree and be clear about what they mean when they refer to the cycle.
Book Synopsis Analysing Modern Business Cycles by : Philip A. Klein
Download or read book Analysing Modern Business Cycles written by Philip A. Klein and published by Routledge. This book was released on 2019-07-25 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This "Festschrift" honours Geoffrey H. Moore's life-long contribution to the study of business cycles. After some analysts had concluded that business cycles were dead, renewed economic turbulence in the 1970s and 1980s brought new life to the subject. The study of business cycles now encompasses the global economic system, and this work aims to push back the frontiers of knowledge.
Book Synopsis Is the Economic Cycle Still Alive? by : Paolo Annunziato
Download or read book Is the Economic Cycle Still Alive? written by Paolo Annunziato and published by Springer. This book was released on 1994-02-12 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are now living in a period of disillusion in the ability of economic policy to stabilise the economy. This is proven by the onset of severe world recession in the early 1980s and the inability to invert the negative phase of the business cycle under way in the industrialized countries in the early 1990s. The failure of old policies motivates the research into the causes of economic fluctuations and their measurement whose results are published in this volume
Book Synopsis Business Acceleration and the Law of Demand by : John M. Clark
Download or read book Business Acceleration and the Law of Demand written by John M. Clark and published by . This book was released on 2013-10 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new release of the original 1917 edition.
Book Synopsis Technology Cycles and U.S. Economic Policy in the Early 21st Century by : Nathan Edmonson
Download or read book Technology Cycles and U.S. Economic Policy in the Early 21st Century written by Nathan Edmonson and published by Transaction Publishers. This book was released on 2012-03-01 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overarching theme of this volume is the cyclical nature of technological change, its impact on economic growth, and the limits of government intervention. Technological revolutions are infrequent; there were only three in all of the twentieth century. When they occur, their possibilities are often not immediately apparent. Technology revolutions induce capital investment, not just because they stimulate the need to acquire the new technology, but also because of the need to replace obsolete capacity and new infrastructure. While government has encouraged general economic progress by carrying out highly risky innovations unrelated to fostering economic growth, it seldom succeeds with specific efforts to foster growth. Recent examples of success include the Internet and the global positioning system (GPS), which trace their origins to defense-related research. In contrast, the countercyclical economic stimuli of 2007-2009 have achieved little in the way of general growth. The lack of data about the technology cycle makes formulating appropriate monetary and other policy countercyclical interventions difficult. A technology-founded upswing animated the American economy after 1990, and the “great recession” of 2007- 2009 reflected the waning of the investment boom that this revolution generated. Edmonson argues that the impact of technology revolutions on general economic growth has never received the attention it deserves. This volume will contribute much to debates on economic policy.
