Changes in the Cyclical Behavior of Interest Rates

Changes in the Cyclical Behavior of Interest Rates PDF Author: Phillip Cagan
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 48

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Book Description

Changes in the Cyclical Behavior of Interest Rates

Changes in the Cyclical Behavior of Interest Rates PDF Author: Phillip Cagan
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 48

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Book Description


The Cyclical Behavior of the Term Structure of Interest Rates

The Cyclical Behavior of the Term Structure of Interest Rates PDF Author: Reuben A. Kessel
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 132

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Monetary Policy Rules

Monetary Policy Rules PDF Author: John B. Taylor
Publisher: University of Chicago Press
ISBN: 0226791262
Category : Business & Economics
Languages : en
Pages : 460

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Book Description
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.

The American Business Cycle

The American Business Cycle PDF 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.

Money, Prices and the Real Economy

Money, Prices and the Real Economy PDF Author: Geoffrey Wood
Publisher: Edward Elgar Publishing
ISBN: 9781781959244
Category : Business & Economics
Languages : en
Pages : 136

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Book Description
This book sets out, in straightforward, accessible terms, crucial aspects of monetary economics. It opens with an exposition of the fundamental question of what money is and what it does. Distinguished contributors then examine the key role of price stability and how to achieve it. Core issues addressed include: an examination of the long run effect of money on prices an analysis of the complex and variable relationship between money and fluctuations in the real economy an investigation of inflation and its dangerous consequences an analysis of the effect of regulation on the stability of financial systems in developed and developing countries the relationship between the money supply regime and economic performance the effect of monetary fluctuations on the interest rate the choice of targets for monetary policy. This book will be extremely useful to practising economists, students and scholars of financial and monetary economics.

Predicting Turning Points in the Interest Rate Cycle (RLE: Business Cycles)

Predicting Turning Points in the Interest Rate Cycle (RLE: Business Cycles) PDF Author: James W. Coons
Publisher: Routledge
ISBN: 131749864X
Category : Business & Economics
Languages : en
Pages : 163

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Book Description
Originally published in 1994 and the recipient of the Stonier Library Award, this volume evaluates an alternative approach – the sequential filter- to managing the uncertainty inherent in the future course of the interest rate cycle. The specific hypothesis is that the sequential filter can produce valuable signals of cyclical peaks and troughs in interest rates. The analysis focusses on US interest rates from April 1953 to December 1988.

What Happens During Business Cycles

What Happens During Business Cycles PDF Author: Wesley Clair Mitchell
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 434

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Rational Expectations and Econometric Practice

Rational Expectations and Econometric Practice PDF Author: Robert E. Lucas
Publisher: U of Minnesota Press
ISBN: 1452908281
Category :
Languages : en
Pages : 335

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Book Description
Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, governme.

Statistical Abstract of the United States

Statistical Abstract of the United States PDF Author:
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1080

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Book Description


Money in Historical Perspective

Money in Historical Perspective PDF Author: Anna J. Schwartz
Publisher: University of Chicago Press
ISBN: 9780226742281
Category : Business & Economics
Languages : en
Pages : 472

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Book Description
Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible. In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard. This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.