Overview

"Presenting current knowledge on aggregate economic fluctuations - business cycles, this work begins with an empirical definition of the ""business cycle"". After outlining the historical development and key features of the current theories, these theories are evaluated on the basis of their ability to explain the facts. Included in this evaluation is a review of whether and how the competing theories could be distinguished empirically. The book concludes by highlighting important theoretical and empirical issues for future business-cycle research."

Full Product Details

Author:   M.T. Belongia ,  Michelle R. Garfinkel
Publisher:   Springer
Imprint:   Springer
Edition:   1992 ed.
Dimensions:   Width: 15.50cm , Height: 1.40cm , Length: 23.50cm
Weight:   1.120kg
ISBN:  

9780792392392

ISBN 10:   0792392396
Pages:   209
Publication Date:   31 October 1992
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Session I.- 1 What Is a Business Cycle?.- 2 The Cycle Before New-Classical Economics.- Session II.- 3 For a Return to Pragmatism.- 4 The Cowles Commission Approach, Real Business Cycle Theories, and New-Keynesian Economics.- Session III.- 5 How Does It Matter?.- Conference Overview.- Commentary: Déjà Vu All Over Again by Alan S. Blinder.- Commentary: Business Cycle Developments and the Agenda for Business Cycle Research by Herschel I. Grossman.- Commentary: Where Do We Stand? by Michael Parkin.

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