Frontiers Of Business Cycle Research

Author : Thomas F. Cooley
Publisher : Princeton University Press
Page : 442 pages
File Size : 53,5 Mb
Release : 2020-09-01
Category : Business & Economics
ISBN : 9780691218052

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Frontiers of Business Cycle Research by Thomas F. Cooley Pdf

Among the most revolutionary and productive areas of economic research over the last two decades, modern business cycle theory is finally made accessible to students and professionals in this rigorous, unified, introductory volume. This theory starts with the view that growth and fluctuations are not distinct phenomena to be studied separately--and that business cycles result from shocks (such as the availability of new technologies), which regularly affect most economies. The unifying theme of this book is the use of the neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting recent advances in dynamic economic theory and computational methods--with emphasis on the construction of equilibrium paths for simple artificial economies--leading experts orient readers in the quantitative study of aggregate fluctuations and apply its concepts to key issues in macroeconomics and business cycle theory. This volume covers such issues as the aggregate labor market, the role of the household sector, the role of money, the behavior of asset markets, non-Walrasian economies, monopolistically competitive economies, international business cycles, and the design of economic policies. The contributors are David Backus, V. V. Chari, Lawrence Christiano, Thomas F. Cooley, Jean-Pierre Danthine, John Donaldson, Jeremy Greenwood, Gary D. Hansen, Patrick Kehoe, Finn Kydland, Edward C. Prescott, Richard Rogerson, Julio Rotemberg, Geert Rouwenhorst, José-Víctor Ríos-Rull, Michael Woodford, and Randall Wright.

Author : Pierre-Yves Henin
Publisher : Springer Science & Business Media
Page : 416 pages
File Size : 49,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642578175

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Advances in Business Cycle Research by Pierre-Yves Henin Pdf

Models derived from the Real Business Cycle perspective have recently taken a major place in business cycle research. The papers in this present volume bring three contributions to this research programme: A critical evaluation of the canonical RBC models, new elements of empirical relevance, based on comparative calibration and testing, and new specifications, at the frontier of business cycle research, coping with non walrasian features, contracts and nominal rigidities, unemployment and growth.

Author : Jan Jacobs
Publisher : Springer Science & Business Media
Page : 237 pages
File Size : 55,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461555919

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Econometric Business Cycle Research by Jan Jacobs Pdf

Econometric Business Cycle Research deals with econometric business cycle research (EBCR), a term introduced by the Nobel-laureate Jan Tinbergen for his econometric method of testing (economic) business cycle theories. EBCR combines economic theory and measurement in the study of business cycles, i.e., ups and downs in overall economic activity. We assess four methods of EBCR: business cycle indicators, simultaneous equations models, vector autoregressive systems and real business indicators. After a sketch of the history of the methods, we investigate whether the methods meet the goals of EBCR: the three traditional ones, description, forecasting and policy evaluation, and the one Tinbergen introduced, the implementation|testing of business cycles. The first three EBCR methods are illustrated for the Netherlands, a typical example of a small, open economy. The main conclusion of the book is that simultaneous equation models are the best vehicle for EBCR, if all its goals are to be attained simultaneously. This conclusion is based on a fairly detailed assessment of the methods and is not over-turned in the empirical illustrations. The main conclusion does not imply the end of other EBCR methods. Not all goals have to be met with a single vehicle, other methods might serve the purpose equally well - or even better. For example, if one is interested in business cycle forecasts, one might prefer a business cycle indicator or vector autoregressive system. A second conclusion is that many ideas/concepts that play an important role in current discussions about econometric methodology in general and EBCR in particular, were put forward in the 1930s and 1940s. A third conclusion is that it is difficult, if not impossible, to compare the outcomes of RBC models to outcomes of the other three methods, because RBC modellers are not interested in modelling business cycles on an observation-per-observation basis. A more general conclusion in this respect is that methods should adopt the same concept of business cycles to make them comparable.

Author : James E. Hartley
Publisher : Unknown
Page : 21 pages
File Size : 46,5 Mb
Release : 1997
Category : Electronic
ISBN : OCLC:1051563383

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The limits of business cycle research by James E. Hartley Pdf

Author : Philip A. Klein
Publisher : Routledge
Page : 253 pages
File Size : 53,8 Mb
Release : 2019-07-25
Category : Business & Economics
ISBN : 9781315492278

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Analysing Modern Business Cycles: Essays Honoring Geoffrey H.Moore by Philip A. Klein Pdf

This "Festschrift" honours Geoffrey H. Moore's life-long contribution to the study of business cycles. After some analysts had concluded that business cycles were dead, renewed economic turbulence in the 1970s and 1980s brought new life to the subject. The study of business cycles now encompasses the global economic system, and this work aims to push back the frontiers of knowledge.

Author : Lakshman Achuthan,Anirvan Banerji
Publisher : Crown Currency
Page : 210 pages
File Size : 50,7 Mb
Release : 2004-05-18
Category : Business & Economics
ISBN : 9780385512589

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Beating the Business Cycle by Lakshman Achuthan,Anirvan Banerji Pdf

How can you make wise decisions about your company and your personal future when you have no idea where the economy is headed? The answer is, you can’t. But you can learn how to accurately predict turns in the economy so that you can see the road ahead. And BEATING THE BUSINESS CYCLE shows you how. In BEATING THE BUSINESS CYCLE, Lakshman Achuthan and Anirvan Banerji, the directors of the renowned Economic Cycle Research Institute (ECRI) show how anyone can predict and profit from the inevitable booms and busts of the economy. Why should we believe them? Because while so many economists and financial gurus have failed to predict recessions in the past, ECRI’s forecasts are known for being uncannily accurate. The institute successfully predicted the U.S. recession of 2001 many months before the economists did; the 1990 recession and later recovery; and most recently, the weak U.S. recovery in 2002. ECRI is in constant demand by corporate America and the media. It is the “secret weapon” of companies from Disney to DuPont, the major fund managers, and many central banks. BEATING THE BUSINESS CYCLE is the first book to reveal how decision makers at all levels–managers, small business owners, and individuals–can see into the economy’s future when making key decisions. Should a large company search out new clients and build new factories or stores, or should it consider cost cutting and layoffs? Is it the right time for you to splurge on that luxury vacation or addition to your house, or would it be more prudent to cut back on big expenditures and save money for a rainy day? Written in an easy-to-understand, accessible style, BEATING THE BUSINESS CYCLE reveals which of the hundreds of economic indicators to trust and which ones to trash. It will give you the tools and confidence you need to make the right decisions at the right times–even when the rest of the investing and business world would persuade you otherwise. Whether you are a corporate manager or the owner of a small business, whether you have your money invested in stocks or in your home, BEATING THE BUSINESS CYCLE will give you the edge you need to trump the competition and stay ahead of the crowd.

Author : Jan Tinbergen
Publisher : Unknown
Page : 30 pages
File Size : 55,7 Mb
Release : 2013-10
Category : Electronic
ISBN : 1258979799

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Econometric Business Cycle Research by Jan Tinbergen Pdf

This is a new release of the original 1940 edition.

Author : Mr.Pau Rabanal,Mr.Jordi Gali Garreta
Publisher : International Monetary Fund
Page : 68 pages
File Size : 46,5 Mb
Release : 2004-12-01
Category : Business & Economics
ISBN : 9781451875652

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Technology Shocks and Aggregate Fluctuations by Mr.Pau Rabanal,Mr.Jordi Gali Garreta Pdf

Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.

Author : Jim Granato,M. C. Sunny Wong
Publisher : Cambridge University Press
Page : 336 pages
File Size : 47,9 Mb
Release : 2006-03-13
Category : Business & Economics
ISBN : 0521860164

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The Role of Policymakers in Business Cycle Fluctuations by Jim Granato,M. C. Sunny Wong Pdf

This book's central theme is that a policymaker's role is to enhance the public's ability to coordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit inflation target is met. Granato and Wong argue that inflation persistence is reduced when the public substitutes the prespecified inflation target for past inflation. A by-product of this co-ordination process is greater economic stability. In particular, inflation stability contributes to greater economic output stability, including the potential for the simultaneous reduction of both inflation and output variability - inflation-output co-stabilization (IOCS). Granato and Wong use historical, formal, and applied statistical analysis of business-cycle performance in the United States for the 1960 to 2000 period. They find that during periods when policymakers emphasize inflation stability, inflation uncertainty and persistence were reduced.

Author : Michael S. Weisbach
Publisher : Princeton University Press
Page : 320 pages
File Size : 42,5 Mb
Release : 2021-11-16
Category : Business & Economics
ISBN : 9780691216584

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The Economist’s Craft by Michael S. Weisbach Pdf

An incisive guide that helps up-and-coming economists become successful scholars The Economist's Craft introduces graduate students and rising scholars to the essentials of research, writing, and other critical skills for a successful career in economics. Michael Weisbach enables you to become more effective at communicating your ideas, emphasizing the importance of choosing topics that will have a lasting impact. He explains how to write clearly and compellingly, present and publish your findings, navigate the job market, and more. Walking readers through each stage of a research project, Weisbach demonstrates how to develop research around a theme so that the value from a body of work is more than the sum of its individual papers. He discusses how to structure each section of an academic article and describes the steps that follow the completion of an initial draft, from presenting and revising to circulating and eventually publishing. Weisbach reveals how to get the most out of graduate school, how the journal review process works, how universities decide promotions and tenure, and how to manage your career and continue to seek out rewarding new opportunities. A how-to guide for the aspiring economist, The Economist's Craft covers a host of important issues rarely taught in the graduate classroom, providing readers with the tools and insights they need to succeed as professional scholars.

Author : Arthur Frank Burns
Publisher : Unknown
Page : 0 pages
File Size : 54,7 Mb
Release : 1954
Category : Business cycles
ISBN : OCLC:1024565820

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The Frontiers of Economic Knowledge by Arthur Frank Burns Pdf

Author : Wesley Clair Mitchell
Publisher : Unknown
Page : 434 pages
File Size : 49,9 Mb
Release : 1951
Category : Business cycles
ISBN : UCAL:$B88463

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What Happens During Business Cycles by Wesley Clair Mitchell Pdf

Author : Gary Cook,Jennifer Johns
Publisher : Springer
Page : 267 pages
File Size : 53,9 Mb
Release : 2013-03-01
Category : Business & Economics
ISBN : 9781137277503

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The Changing Geography of International Business by Gary Cook,Jennifer Johns Pdf

Presents papers which grapple with some of the most important developments and challenges in International Business, both for the firms who must fashion strategy within a rapidly changing world economic order and researchers who seek to explain the nature of these shifts and how firms respond.

Author : Jean-Olivier Hairault,Pierre-Yves Hénin,Franck Portier
Publisher : Springer Science & Business Media
Page : 355 pages
File Size : 43,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461561736

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Business Cycles and Macroeconomic Stability by Jean-Olivier Hairault,Pierre-Yves Hénin,Franck Portier Pdf

Setting the issue "Most economists consider the marked increase in automatic stabilizers a highly favorable development with respect to maintenance of economic stability". Besides the rare privilege of having being signed by both Milton Friedman and Paul Samuelson (Depres,Friedman, Hart, Samuelson, and Wallace [1950]), among others, this sentence expressed as soon as 1950 the consensus view on the stabilizing effect of fiscal rules governing tax revenue and public expendi tures and transfers. This positive ex ante assessment will have been confirmed ex post as part of the explanation for post war stabilization (Burns [1960], de Long and Summers [1986], Moore and Zarnovitz [1986]). However, it becomes disputed in both its positive and normative aspects. Many institutional changes since the eighties point at curbing back the transfer mechanisms underlying automatic stabilizers, and legal restraints on deficits such as the US balanced budget amendment or the European Maastricht criteria would involve serious risks for the future of stabilizers. Under such rules "the government would become, almost inevitally, a destabilizer rather than a stabilizer" said Joseph Stiglitz, quoted by the New York Times (April 1995)). "Built-in stabilizers are automatic fiscal adjustments that reduce the national income multiplier and thus cushion the effects of changes in autonomous spend ing on the level of income" (Pechman [1987]). Early analyses of the automatic fiscal stabilizers include the contributions of A. G. Hart [1945], R. Musgrave and M. Miller (1948) and E. C. Brown (1955).

Author : Sumru Altug
Publisher : World Scientific
Page : 161 pages
File Size : 44,9 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789812832764

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Business Cycles by Sumru Altug Pdf

Provides an overview of the modern theory and empirics of business cycles. This book examines the notion of a business cycle and discusses alternative approaches to modeling. It also discusses what lies ahead for modern business cycle theory.