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Author: Maurice Lamontagne
Publisher: James Lorimer & Company
ISBN: 9780888627131
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
From the back cover: Maurice Lamontagne reveals the workings of three types of cycles: the short-term "inventory", cycle, lasting about forty months; the intermediate "investment" cycle, lasting seven to ten years; and the "long wave," which some theorists say last bottomed out in the 1930s. Each cycle has different causes, effects and urgent policy requirements, yet too often they are overlooked or lumped together. Governments and economists are preoccupited with short-term fluctuations that see the economy apparently picking up one year, then declining the next - while all along, the root social and technological causes of the economy's sluggishness aren't addressed. Lanontagne chronicles Canada's attempts to respond to short- and medium-term business cycles, and focuses on the implications of the long wave cycle for Canada. Long waves have been generated by technological innovations that coincided with a hospitable socio-political environment. We are now in a period when the economy built on "third wave" breakthroughs in transportation, communication and electricity in the 1890s is in decline, yet powerful vested interests are preventing a full transition to the infant technologies of the 1950s and 1960s: computers, new energy sources, genetic engineering and the space and ocean industries.
Author: Maurice Lamontagne
Publisher: James Lorimer & Company
ISBN: 9780888627131
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
From the back cover: Maurice Lamontagne reveals the workings of three types of cycles: the short-term "inventory", cycle, lasting about forty months; the intermediate "investment" cycle, lasting seven to ten years; and the "long wave," which some theorists say last bottomed out in the 1930s. Each cycle has different causes, effects and urgent policy requirements, yet too often they are overlooked or lumped together. Governments and economists are preoccupited with short-term fluctuations that see the economy apparently picking up one year, then declining the next - while all along, the root social and technological causes of the economy's sluggishness aren't addressed. Lanontagne chronicles Canada's attempts to respond to short- and medium-term business cycles, and focuses on the implications of the long wave cycle for Canada. Long waves have been generated by technological innovations that coincided with a hospitable socio-political environment. We are now in a period when the economy built on "third wave" breakthroughs in transportation, communication and electricity in the 1890s is in decline, yet powerful vested interests are preventing a full transition to the infant technologies of the 1950s and 1960s: computers, new energy sources, genetic engineering and the space and ocean industries.
Author: Mr.Ayhan Kose
Publisher: International Monetary Fund
ISBN: 1451870019
Category : Business & Economics
Languages : en
Pages : 51
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Book Description
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common across all variables and countries; (ii) three group-specific factors, which capture fluctuations that are common to all variables and all countries within each group of countries; (iii) country factors, which are common across all aggregates in a given country; and (iv) idiosyncratic factors specific to each time series. Our main result is that, during the period of globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies and among the group of emerging market economies. Surprisingly, there has been a concomitant decline in the relative importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups of countries but divergence (or decoupling) between them.
Author: Jordan Stanger-Ross
Publisher: McGill-Queen's Press - MQUP
ISBN: 0228003075
Category : History
Languages : en
Pages :
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Book Description
In 1942, the Canadian government forced more than 21,000 Japanese Canadians from their homes in British Columbia. They were told to bring only one suitcase each and officials vowed to protect the rest. Instead, Japanese Canadians were dispossessed, all their belongings either stolen or sold. The definitive statement of a major national research partnership, Landscapes of Injustice reinterprets the internment of Japanese Canadians by focusing on the deliberate and permanent destruction of home through the act of dispossession. All forms of property were taken. Families lost heirlooms and everyday possessions. They lost decades of investment and labour. They lost opportunities, neighbourhoods, and communities; they lost retirements, livelihoods, and educations. When Japanese Canadians were finally released from internment in 1949, they had no homes to return to. Asking why and how these events came to pass and charting Japanese Canadians' diverse responses, this book details the implications and legacies of injustice perpetrated under the cover of national security. In Landscapes of Injustice the diverse descendants of dispossession work together to understand what happened. They find that dispossession is not a chapter that closes or a period that neatly ends. It leaves enduring legacies of benefit and harm, shame and silence, and resilience and activism.
Author: Wesley Clair Mitchell
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 642
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Book Description
Author: Matthew J. Kotchen
Publisher: University of Chicago Press
ISBN: 0226821749
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.
Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
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.
Author: Victor Zarnowitz
Publisher: University of Chicago Press
ISBN: 0226978923
Category : Business & Economics
Languages : en
Pages : 613
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Book Description
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.
Author: Richard Pomfret
Publisher: Routledge
ISBN: 1136593780
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
First Published in 2005. The aim of this book is to provide an introduction to and interpretation of the development of the Canadian economy since European settlement. The main contrast between the book’s view and previous interpretations of Canada’s economic past is that, instead of emphasizing the continuity of Canadian economic development (with staple exports playing the leading role), the focus is on the transition from the sparsely populated colonial economy of the early nineteenth century to the modern economy ranking among the seven largest market economies whose leaders now meet for economic summits.
Author: John Kenneth Galbraith
Publisher: Princeton University Press
ISBN: 1400873185
Category : Business & Economics
Languages : en
Pages : 577
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Book Description
With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings. First published in 1967, The New Industrial State continues to resonate today.
Author: Robert J. Gordon
Publisher: University of Chicago Press
ISBN: 0226304590
Category : Business & Economics
Languages : en
Pages : 882
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Book Description
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.
