Business Cycles, Theories
Factor shares, business cycles and the distributive loop
... Figure 7 resembles the phase diagrams that plot movements of employment and the wage share in Goodwin ’s growth cycle and related theories (Goodwin, 1967; Skott, 1989a). Goodwin makes a profit-squeeze argument ...
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Business Cycles in Economics
... systems can exhibit the physical characteristics of the micro-systems. In application to the economics, it means that, hypothetically, we can assume that an accurate characterization of the economic output waves can be ...
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The sources of Iran's Business Cycles
... of business cycle are the changes in the marginal efficiency of ...Keynes’ theories about business cycle can be classified under two categories: multiplier-accelerator theories (Hansen, 1964; ...
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The Recurrence of Long Cycles: Theories, Stylized Facts and Figures
... long cycles in the normalized wholesale price index and, partly at least, in the normalized S&P 500 price index, our efforts now concentrate to single out phenomena associated with the long cycles which ...
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Schumpeterian Foundations of Real Business Cycles
... to cycles. The theo- retical formalization of Schumpeter’s theories presented here also implies that stabilization policies might affect long-run growth via its effect on the banks’ investment ...
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Are business cycles inevitable?
... causing business cycles is really wide: from climate, over- investment, monetary, underconsumption to psychological ...explaining business cycles emergence (e.g., Climate Theories of ...
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Economic Transactions Govern Business Cycles
... explain business crises and depressions began amid the violent fluctuations in trade which followed the Napoleonic Wars ” (Mitchell, ...of business cycles remains essential macroeconomic problem: ...
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Political ideology as a source of business cycles
... in order to finance group specific public goods. Overspending results in equilibrium, but there is no public investment. Battaglini and Coate (2007) introduce productive public goods financed by the government. Instead ...
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Economic Transactions Govern Business Cycles
... The rest of the paper is organized as follows. In Section 2 we present model setup and give definitions of macro transactions (Olkhov 2017b; 2017c). In Section 3 we introduce a system of economic equations on ...
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Assessing European business cycles synchronization
... European business cycles are presented in Table 2 (FD filter) and Table 3 (HP ...of business cycles measured with standard deviation, asymmetry of the busi- ness cycles measured with ...
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International Business Cycles and Remittance Flows
... A number of time-series studies investigate the remittance response to the output of both host and home countries but these are limited to remittance flows between a pair of countries. For example, Sayan (2004) employs ...
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Business cycles and crime the case of Argentina
... In line with the present research is the paper of Detotto and Otranto (2011) for Italy. They try to detect the relationships between different typologies of crime and GDP by means of Dynamic Factor Models and whether ...
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Teaching business cycles with the IS TR model
... There is dem and for an applied model t hat helps explain t he recent ly observed business cycles. This paper int roduces an applicat ion of t he t ext book IS-TR model of Burda and Wyplosz (2013), which ...
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Monitoring Business Cycles with Structural Breaks
... NBER Business Cycle Dating Committee considers four main monthly indicators in determining business cycle chronology: industrial production (Production), real manufactur- ing and trade sales (Sales), real ...
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Business Cycles in Developing Countries: Are They Different?
... in business cycle research following Kydland and Prescott (1982) an enormous amount of research has been based on an eight-year distinction between business cycles and ...frequency cycles of ...
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Firm and Industrial Dynamics Over the Business Cycles
... It is important to note that the importance of the uncertainty shock is not de- nied in this paper, and the inverted causality may still be true. But there is an issue regarding measuring uncertainty, which relates to ...
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Essays on financial markets and business cycles
... a business cycle model is not without ...a business cycle model, for example, households could still entertain arbitrary beliefs about future wages and firm profits, and firms could entertain arbitrary ...
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The European and the Greek Business Cycles: Are they synchronized?
... of business cycles in the EC: Idiosyncracies and regularities, Economica, New Series, 62, ...2005. Business cycle sychronization in the enlarged ...Have Business Cycles become more ...
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Business Cycles and Recessions in the OECD Area
... Recessions are less frequent (10%), more volatile and less persistent than negative business cycles are (50%). In this article, OECD annual data are used to provide a taxonomy of postwar recessions, showing ...
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Measuring business cycles: a cross country analysis
... The paper presents Business Cycle chronology for India, USA, UK, Japan, China using growth rate cycle method from the period 1991 to 2018. Paper uses cyclic series of Index of Industrial production as a reference ...
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