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The Dynamics of Business Cycles : A Study in Economic Fluctuations - J. J. Polak

The Dynamics of Business Cycles

A Study in Economic Fluctuations

Hardcover

Published: 12th August 2004
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Originally published in 1942, this landmark volume makes available the entire business-cycle analysis of the Dutch economist, Jan Tinbergen, whose work in economic dynamics stimulated a new school of econometric research. The book explains what is typical and common in economic movements - the system of supply and demand schedules used to describe a market, certain technical relations, and 'balance equations'.

Description
Introduction: Types of Movementsp. 3
Elementary Movementsp. 3
The Components of Composite Movementsp. 9
The Relationship between the Movements of Two Seriesp. 12
The Relationship among Movements of Three or More Seriesp. 19
Long-Run Developmentsp. 25
Populationp. 25
Landp. 26
Productivityp. 27
The Stock of Capitalp. 29
The Volume of Outputp. 30
Pricesp. 34
Financial Developmentp. 36
Changes in Trend after World War Ip. 39
Interruptions and Sudden Changes in Structurep. 41
Periods of War and Inflationp. 41
The Periods of Inflation after 1914 in Germany and Francep. 43
Minor Interruptionsp. 49
Sudden Changes in Economic Structurep. 53
Cyclical Movementsp. 60
Periodp. 60
Dampingp. 62
Timingp. 63
Amplitudep. 66
Shapep. 69
Seasonal Fluctuationsp. 72
Random Movementsp. 76
Differences among Individual Countriesp. 81
Trendsp. 81
Cyclesp. 81
Seasonal Patternsp. 83
Random Movementsp. 83
Incidental Eventsp. 84
Fluctuations in Individual Marketsp. 88
Hog Cyclep. 92
Other Agricultural Cyclesp. 93
Building Cyclesp. 94
The Explanation of Economic Fluctuations
Economic Statics and Economic Dynamicsp. 99
Data and Variablesp. 99
Statics and Dynamicsp. 102
Supply and Demand Analysisp. 104
The Process of Long-Run Developmentp. 112
The Conditions of Full Utilization of Resourcesp. 112
Simplifying Assumptionsp. 115
The Basic Relations of the Simplified Modelp. 117
Analysis of Economic Developmentp. 125
Distribution of Incomep. 129
Consequences of Warsp. 131
Stagnationp. 132
Moneyp. 135
Periods of War and Inflationp. 137
Inflation in a Closed Economyp. 138
The Quantity of Moneyp. 145
Inflation in an Open Economyp. 148
Long Wavesp. 155
Monetary Theoriesp. 155
Other Theoriesp. 157
Business-Cycle Fluctuationsp. 159
Introductionp. 159
The Two Money Streamsp. 160
Fluctuations in Investmentp. 163
Fluctuations in Consumptionp. 182
Fluctuations in Incomep. 191
The Main Elements of the Cyclical Processp. 195
p. 197
p. 198
p. 199
p. 203
Expansion of Cyclical Modelsp. 206
Summary: Succession of the Different Phases of the Cyclep. 223
Oversaving vs. Overinvestmentp. 225
Economic Structure and Cyclical Patternsp. 227
Cyclical Movements in Individual Marketsp. 233
Introductionp. 233
The Hog Marketp. 233
The Coffee Marketp. 238
The Two-Year Cycle of Agricultural Productsp. 239
The American Market of Residential Constructionp. 241
Cycles in the Import of Raw Materialsp. 245
Exogenous Movementsp. 247
Theoretical Postscriptp. 252
Business-Cycle Policy
Introductionp. 263
Objectives, Criteria, and Instrumentsp. 265
Measurement of Effectsp. 268
Objectives of Trend Policy and Business-Cycle Policyp. 272
The Volume of Productionp. 272
The Level of Pricesp. 274
The Quantity of Moneyp. 275
The Distribution of Incomep. 276
The Use of Incomep. 276
Governmentp. 277
Open Economyp. 279
Monetary Equilibriump. 281
Indirect Policies. I. Tax Policiesp. 285
Classification of Taxesp. 285
Direct and Indirect Taxesp. 287
General and Specific Taxesp. 290
Income Taxes and Capital Taxesp. 291
Fluctuations in Rate over Timep. 293
Summaryp. 296
Indirect Policies. II. Other Formsp. 298
Interest Policyp. 298
Other Forms of Credit Policyp. 302
Wage Policyp. 305
Price Policyp. 309
Exchange-Rate Policyp. 311
Stock-Exchange Policyp. 316
Conclusionsp. 318
Direct Policies. I. Expenditure Policiesp. 319
Direct Policies. II. Other Formsp. 343
Investment Controlp. 343
Control of the Production of Raw Materialsp. 346
Commercial Policyp. 348
Control of the Construction Industryp. 349
Summary: Choice of an Optimum Policyp. 351
Index
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780415321372
ISBN-10: 0415321379
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 380
Published: 12th August 2004
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 2.5
Weight (kg): 0.64
Edition Number: 1