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The Business Cycle : Theories and Evidence, Proceedings of the Sixteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis :  Theories and Evidence, Proceedings of the Sixteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis - Michael T. Belongia

The Business Cycle : Theories and Evidence, Proceedings of the Sixteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Theories and Evidence, Proceedings of the Sixteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Hardcover Published: December 2009
ISBN: 9780792392392
Number Of Pages: 209

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This book presents current knowledge on aggregate economic fluctuations -- business cycles. The book begins with an empirical definition of the 'business cycle'. After outlining the historical development and key features of the current theories of the business cycle, these theories are evaluated on the basis of their ability to explain the facts. Included in this evaluation is a review of whether and how the competing theories could be distinguished empirically. The book concludes by highlighting important theoretical and empirical issues for future business-cycle research. Contributors include: Victor Zarnowitz and Arnold Zellner/University of Chicago; Ben Bernanke and Alan Blinder/Princeton; Michael R. Darby/Ucla; Ray Fair/Yale; Benjamin Friedman and James Stock/Harvard; Herschel Grossman/Brown University; and David Laidler and Michael Parkin/University of Western Ontario.

Contributing Authors
President's Message
Preface
Acknowledgments
What Is a Business Cycle?p. 3
Commentaryp. 73
The Cycle Before New-Classical Economicsp. 85
Commentaryp. 113
For a Return to Pragmatismp. 121
The Cowles Commission Approach, Real Business Cycle Theories, and New-Keynesian Economicsp. 133
Commentaryp. 148
How Does It Matter?p. 161
Commentary: Whatever Happened to Contracyclical Policy?p. 179
Commentary: Deja' Vu All Over Againp. 189
Commentary: Business Cycle Developments and the Agenda for Business Cycle Researchp. 197
Commentary: Where Do We Stand?p. 202
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792392392
ISBN-10: 0792392396
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 209
Published: December 2009
Publisher: SPRINGER VERLAG GMBH
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 1.42
Weight (kg): 0.51

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