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Business Cycles : Theory and Empirical Methods :  Theory and Empirical Methods - Willi Semmler

Business Cycles : Theory and Empirical Methods

Theory and Empirical Methods

By: Willi Semmler (Editor)

Hardcover

Published: December 2009
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In macrodynamics and business cycle analysis we find nowadays a variety of approaches elaborating frameworks for studying the fluctuations in economic and financial data. These approaches are viewed from Keynesian, monetarist and rational expectations standpoints. There are now also numerous empirical methods for the testing of nonlinear data generating mechanisms. This volume brings together a selection of contributions on theories of the business cycle and new empirical methods and synopsizes the new results. The volume (i) gives an overview of current models and modern concepts and tools for analyzing the business cycle; (ii) demonstrates, where possible, the relation of those models to the history of business cycle analysis; and (iii) presents current work, surveys and original work, on new empirical methods of studying cycle generating mechanisms.

Contributing Authors
Introductionp. 1
Business Cycles and Long Waves: A Behavioral Disequilibrium Perspectivep. 13
Competitive Markets and Endogenous Cycles: An Evaluationp. 53
Analytical and Numerical Methods in the Study of Nonlinear Dynamical Systems in Keynesian Macroeconomicsp. 73
Business Cycles, Fiscal Policy, and Budget Deficitsp. 113
Continuous-Time Dynamical Models with Distributed Lagsp. 145
Price Flexibility and Output Stability: An Old Keynesian Viewp. 165
The Stability of Models of Monetary Growth with Adaptive Expectations or Myopic Perfect Foresightp. 197
A Model of the Financial Sector and Its Reaction to Aggregate Fluctuationsp. 231
External Finance, Investment Expenditure and the Business Cyclep. 269
Monetary Factors and Gestation Lag in a Kaleckian Model of the Business Cyclep. 289
Asymmetric Economic Propagation Mechanismsp. 313
Asymmetries in Business Cycles: Econometric Techniques and Empirical Evidencep. 331
Testing for Chaos and Nonlinearities in Macroeconomic Time Seriesp. 351
Using U-Statistics to Detect Business Cycle Nonlinearitiesp. 369
The Time Reversibility Test with Application to Financial Datap. 389
Indexp. 405
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792394488
ISBN-10: 0792394488
Series: Recent Economic Thought
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 407
Published: December 2009
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 3.18
Weight (kg): 1.68