Seasonal Cycles Business Cycles And Monetary Policy

Download Seasonal Cycles Business Cycles And Monetary Policy full books in PDF, epub, and Kindle. Read online Seasonal Cycles Business Cycles And Monetary Policy ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

The Economics of Seasonal Cycles

Author : Jeffrey A. Miron
Publisher : MIT Press
ISBN 13 : 9780262133234
Total Pages : 250 pages
Book Rating : 4.1/5 (332 download)

DOWNLOAD NOW!

Book Synopsis The Economics of Seasonal Cycles by : Jeffrey A. Miron

Download or read book The Economics of Seasonal Cycles written by Jeffrey A. Miron and published by MIT Press. This book was released on 1996 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on economic rather than purely statistical issues, looking at which of the alternative statistical models of seasonality are plausible for economic variables, and asking why seasonal fluctuations in economic variables require special treatment relative to other kinds of fluctuations.

Seasonal Cycles, Business Cycles, and Monetary Policy

Author : Zheng Liu
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (364 download)

DOWNLOAD NOW!

Book Synopsis Seasonal Cycles, Business Cycles, and Monetary Policy by : Zheng Liu

Download or read book Seasonal Cycles, Business Cycles, and Monetary Policy written by Zheng Liu and published by . This book was released on 1996 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding Seasonal Cycles, Business Cycles, and Monetary Policy

Author : Zheng Liu
Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.:/5 (319 download)

DOWNLOAD NOW!

Book Synopsis Understanding Seasonal Cycles, Business Cycles, and Monetary Policy by : Zheng Liu

Download or read book Understanding Seasonal Cycles, Business Cycles, and Monetary Policy written by Zheng Liu and published by . This book was released on 1997 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Seasonal Cycle and the Business Cycle

Author : Robert B. Barsky
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!

Book Synopsis The Seasonal Cycle and the Business Cycle by : Robert B. Barsky

Download or read book The Seasonal Cycle and the Business Cycle written by Robert B. Barsky and published by . This book was released on 1988 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost all recent research on macroeconomic fluctuations has worked with seasonally adjusted or annual data. This paper takes a different approach by treating seasonal fluctuations as worthy of study in their own right. We document the quantitative importance of seasonal fluctuations, and we present estimates of the seasonal patterns in a set of standard macroeconomic variables. Our results show that seasonal fluctuations are an important source of variation in all macroeconomic quantity variables but small or entirely absent in both real and nominal price variables. The timing of the seasonal fluctuations consists of increases in the second and fourth quarter, a large decrease in the first quarter, and a mild decrease in the third quarter. The paper demonstrates that, with respect to each of several major stylized facts about business cycles, the seasonal cycle displays the same characteristics as the business cycle, in some cases even more dramatically than the business cycle. That is, we find that at seasonal frequencies as well as at business cycle frequencies, output movements across broadly defined sectors move together, the timing of production and sales coincide closely, labor productivity is procyclical, nominal money and real output are highly correlated, and prices vary less than quantities. There is a "seasonal business cycle" in the United States economy, and its characteristics mirror closely those of the conventional business cycle.

Business Cycles

Author : Victor Zarnowitz
Publisher : University of Chicago Press
ISBN 13 : 0226978923
Total Pages : 613 pages
Book Rating : 4.2/5 (269 download)

DOWNLOAD NOW!

Book Synopsis Business Cycles by : Victor Zarnowitz

Download or read book Business Cycles written by Victor Zarnowitz and published by University of Chicago Press. This book was released on 2007-11-01 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

A Cross Country Comparison of Seasonal Cycles and Business Cycles

Author : J. Joseph Beaulieu
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!

Book Synopsis A Cross Country Comparison of Seasonal Cycles and Business Cycles by : J. Joseph Beaulieu

Download or read book A Cross Country Comparison of Seasonal Cycles and Business Cycles written by J. Joseph Beaulieu and published by . This book was released on 1990 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a recent paper Barsky and Miron (1989) examine the seasonal fluctuations in the U.S. economy. They show that the key stylized facts about the business cycle characterize the seasonal cycle as well, and they suggest that the interpretation of many of these stylized facts over the seasonal cycle is easier than interpretation over the business cycle. The reason is that the ultimate sources of seasonal cycles are more readily identifiable than those of business cycles. This paper uses the cross country variation in seasonal patterns to pin down the ultimate sources of seasonal variation more precisely than is possible from examination of U.S. data alone. We conclude that a Christmas shift in preferences and synergies across agents are the key determinants of the seasonal patterns around the world. The paper also establishes that, across developed countries, the key observations about aggregate variables that characterize the business cycle also characterize the seasonal cycle. Thus, the similarity of the seasonal cycle and the business cycle demonstrated by Barsky and Miron (1989) for the united states is a robust stylized fact.

Business Cycles and Financial Crises

Author : A. W. Mullineux
Publisher : Bookboon
ISBN 13 : 8776818853
Total Pages : 146 pages
Book Rating : 4.7/5 (768 download)

DOWNLOAD NOW!

Book Synopsis Business Cycles and Financial Crises by : A. W. Mullineux

Download or read book Business Cycles and Financial Crises written by A. W. Mullineux and published by Bookboon. This book was released on 1990 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Cycles

Author : Solomos Solomou
Publisher : Manchester University Press
ISBN 13 : 9780719041518
Total Pages : 150 pages
Book Rating : 4.0/5 (415 download)

DOWNLOAD NOW!

Book Synopsis Economic Cycles by : Solomos Solomou

Download or read book Economic Cycles written by Solomos Solomou and published by Manchester University Press. This book was released on 1998 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?

An Analysis of the Seasonal Cycle and the Business Cycle

Author : Noha Emara
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis An Analysis of the Seasonal Cycle and the Business Cycle by : Noha Emara

Download or read book An Analysis of the Seasonal Cycle and the Business Cycle written by Noha Emara and published by . This book was released on 2015 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Barsky and Jeffrey Miron (1989) revealed the seasonal cycle of the U.S. economy from 1948 to 1985 was characterized by a "bubble-like" expansion in the second and fourth quarters, a "crash-like" contraction in the first quarter, and a mild contraction in the third quarter. We replicate, in part, their seasonal cycle analysis from 1946 to 2001. Our results are largely in line with theirs. Nonetheless, we find the seasonal cycle is not stable and can evolve across time. In particular, the Great Moderation affected both the business cycle and the seasonal cycle.Robert Barsky and Jeffrey Miron also found real aggregates, like the output, move together in the seasonal cycle across broadly defined sectors, similar to a phenomenon observed under the conventional business cycle. They posed a challenge question concerning why "the seasonal and the conventional business cycles are so similar.'' To answer their question, we focus on a number of aggregate variables with a recursive application of the HP filter and find that aggregates, such as the GDP, consumption, the S&P 500 Index, and so forth, have a "bubble-like" expansion and a "crash-like" contraction in their cyclical trends in business cycle frequencies. Although preference shifts and production synergy are the two major forces that drive the seasonal cycle, we find the time-varying stochastic discount factor is the main cause of the business cycle and plays a more important role in macroeconomic fluctuations in business cycle frequencies than other factors.

What Have Macroeconomists Learned about Business Cycles from the Study of Seasonal Cycles?

Author : Jeffrey A. Miron
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!

Book Synopsis What Have Macroeconomists Learned about Business Cycles from the Study of Seasonal Cycles? by : Jeffrey A. Miron

Download or read book What Have Macroeconomists Learned about Business Cycles from the Study of Seasonal Cycles? written by Jeffrey A. Miron and published by . This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that analysis of seasonal fluctuations can shed light on the nature of business cycle fluctuations. The fundamental reason is that in many instances identifying restrictions about seasonal fluctuations are more believable than analogous restrictions about non-seasonal fluctuations. We show that seasonal fluctuations provide good examples of preference shifts and synergistic equilibria. We also find evidence against production smoothing and in favor of unmeasured variation in labor and capital utilization. In some industries capacity constraints appear to bind.

Should the Fed Smooth Interest Rates?

Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (62 download)

DOWNLOAD NOW!

Book Synopsis Should the Fed Smooth Interest Rates? by :

Download or read book Should the Fed Smooth Interest Rates? written by and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hysteresis and Business Cycles

Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513536990
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra

Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Political Business Cycles

Author : Thomas D. Willett
Publisher : Duke University Press
ISBN 13 : 9780822308423
Total Pages : 554 pages
Book Rating : 4.3/5 (84 download)

DOWNLOAD NOW!

Book Synopsis Political Business Cycles by : Thomas D. Willett

Download or read book Political Business Cycles written by Thomas D. Willett and published by Duke University Press. This book was released on 1988 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A Pacific Research Institute for Public Policy book." Includes bibliographies and index.

The Economics and Econometrics of Seasonal Cycles and Business Cycles

Author : John Michael Wells
Publisher :
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.:/5 (35 download)

DOWNLOAD NOW!

Book Synopsis The Economics and Econometrics of Seasonal Cycles and Business Cycles by : John Michael Wells

Download or read book The Economics and Econometrics of Seasonal Cycles and Business Cycles written by John Michael Wells and published by . This book was released on 1994 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Business Cycles and Depressions

Author : David Glasner
Publisher : Routledge
ISBN 13 : 1136545204
Total Pages : 796 pages
Book Rating : 4.1/5 (365 download)

DOWNLOAD NOW!

Book Synopsis Business Cycles and Depressions by : David Glasner

Download or read book Business Cycles and Depressions written by David Glasner and published by Routledge. This book was released on 2013-12-16 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts define, review, and evaluate economic fluctuations Economic and business uncertainty dominate today's economic analyses. This new Encyclopedia illuminates the subject by offering 323 original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The work of more than 200 experts, including many of the leading researchers in the field, the articles cover a broad range of subjects, including capsule biographies of leading economists born before 1920. Individual entries explore banking panics, the cobweb cycle, consumer durables, the depression of 1937-1938, Otto Eckstein, Friedrich Engels, experimental price bubbles, forced savings, lass-Steagall Act, Friedrich hagen, qualitative indicators, use of macro-econometric models, monetary neutrality, Phillips Curve, Paul Samuelson, Say's law, supply-side recessions, James Tokin, trend and random wages, Thorstein Veblen, worker-job turnover, and more.

Interactions Between the Seasonal and Business Cycles in Production and Inventories

Author : Stephen Giovanni Cecchetti
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!

Book Synopsis Interactions Between the Seasonal and Business Cycles in Production and Inventories by : Stephen Giovanni Cecchetti

Download or read book Interactions Between the Seasonal and Business Cycles in Production and Inventories written by Stephen Giovanni Cecchetti and published by . This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The American Business Cycle

Author : Robert J. Gordon
Publisher : University of Chicago Press
ISBN 13 : 0226304590
Total Pages : 882 pages
Book Rating : 4.2/5 (263 download)

DOWNLOAD NOW!

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.