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Theories of business cycles should presumably help us to understand the salient characteristics of the observed pervasive and persistent nonseasonal fluctuations of the economy.
1 Ιουν 2016 · develop a business cycles approach which contained instability within reasonable boundaries. The contributions of Kalecki, Kaldor and Goodwin and their contemporaries are discussed up to the ...
This paper traces the evolution of John Maynard Keynes’s theory of the business cycle from his early writings in 1913 to his policy prescriptions for the control of fluctuations in the early 1940s. The paper identifies six different “theories” of business fluctuations.
1 Νοε 2006 · We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence.
2 Δεκ 2021 · PDF | This is an overview of the history of business cycle theory with a particular emphasis on the contribution of behavioral ideas. | Find, read and cite all the research you need on...
This paper studies the policy implications of the endogeneity of information about the state of the economy. The business cycle can be made less noisy, and more efficient, by incentivizing firms to vary their pricing and production decisions more with their beliefs about the state of the economy.
The first objective of this chapter is to examine the lead-lag interactions within larger sets of important macroeconomic variables, including interest and inflation rates along with output, monetary, and fiscal variables, and a nonduplicative leading index.
