Overview

The book provides a thorough and sophisticated descriptive analysis of business cycles in a historical perspective. The study is based on the latest available time series as well as latest techniques from the frequency domain. A combined univariate and bivariate analysis is conducted on the national as well as supranational (G7- and Euro-Area wide) level. Issues of stability, volatility, and cyclicality are investigated jointly. An extensive analysis of US manufacturing investment series on the fairly disaggregated four-digit level highlights the limits of linear models to capture the sectoral aggregation process. Synchronization is modelled by a mode-locking mechanism of industrial investment cycles induced by informational externalities. The model in its stochastic version is numerically simulated to assess an agreement between model and data.

Full Product Details

Author:   Bernd Süssmuth
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Physica-Verlag GmbH & Co
Edition:   2003 ed.
Dimensions:   Width: 15.50cm , Height: 0.90cm , Length: 23.50cm
Weight:   0.580kg
ISBN:  

9783790815320

ISBN 10:   3790815322
Pages:   165
Publication Date:   27 November 2002
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1. Introduction.- 1.1 Business Cycle Research: 21st Century Perspective.- 1.2 Recent Empirical Findings in Favor of CBC.- I.Methodology.- 2. General Considerations and Historiography.- 3. The Analysis of Cyclical Dynamics.- II. National, Supra- and International Cycles.- 4. The G7 and Eurol5 Economies: 1960 - 2000.- 5. Mode-Locking and the Global Cycle.- III. The Sectoral Constitution of Macro-Cycles.- 6. An Aggregation Problem for Linear Models?.- 7. The Synchronization of Sectoral Cycles.- 8. A Non-Linear Synchronization Model.- 9. Conclusion.- Abbreviations.- References.

Reviews

Author Information

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions