Measuring Business Cycles PDF Download
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Author: Arthur F. Burns
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 602
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Book Description
Author: Arthur F. Burns
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 602
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Book Description
Author: Wesley Clair Mitchell
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 642
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Book Description
Author: Wesley Clair Mitchell
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 518
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Book Description
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appendix containing both the first published history of the NBER business-cycle dating chronology and many previously unpublished historical data series.
Author: Regina Kaiser
Publisher:
ISBN: 9783540951124
Category :
Languages : en
Pages : 190
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Book Description
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: Wesley Clair Mitchell
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 434
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Book Description
Author: Wesley Clair Mitchell
Publisher: National Bureau of Economic Research
ISBN:
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
Author: Arthur Frank Burns
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 560
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Book Description
Author: Regina Kaiser
Publisher: Springer Science & Business Media
ISBN: 1461301297
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
This book outlines and demonstrates problems with the use of the HP filter, and proposes an alternative strategy for inferring cyclical behavior from a time series featuring seasonal, trend, cyclical and noise components. The main innovation of the alternative strategy involves augmenting the series forecasts and back-casts obtained from an ARIMA model, and then applying the HP filter to the augmented series. Comparisons presented using artificial and actual data demonstrate the superiority of the alternative strategy.
