Business Cycles and Financial Crises
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788776818852
Description: This book critically reviews literature on business cycles and financial crises. It starts with an investigation of issues concerning the existence and nature of business cycles. It then examines Minsky’s financial instability hypothesis and the role of the financial sector in generating business cycles and considers the implications for bank regulation and supervision. Written at a level suitable for graduate students, the book brings together the literature from monetary and financial economics with that on business cycles.
Table of contents: title: Content; title: Preface; title: 1 The Nature of the Business Cycle; title: 1.1 Definitions; title: 1.2 The Monte Carlo Hypothesis; title: 1.3 Are Business Cycles Symmetric?; title: 1.4 The Frisch-Slutsky Hypothesis; title: 1.5 Has the Business Cycle Changed Since 1945?; title: Notes; title: 2 Business Cycle Theory; title: 2.1 Introduction; title: 2.2 Equilibrium Business Cycle (EBC) Modelling; title: 2.3 Nonlinear Cycle Theory; title: Notes; title: 3 The Financial Instability Hypothesis; title: 3.1 Introduction; title: 3.2 The Role of Money and Credit in Pre-Keynesian Business Cycle Literature; title: 3.3 The Financial Instability Hypothesis (FIH); title: 3.4 Rational Speculative Bubbles; title: 3.5 Conclusion; title: Notes; title: 4 Towards a Theory of Dynamic Economic Development; title: 4.1 A Brief Overview of Cycle Modelling; title: 4.2 Schumpeter on Economic Evolution; title: 4.3 The Long Swing Hypothesis and the Growth Trend; title: 4.4 Shackle on the Business Cycle; title: 4.5 Goodwin’s Macrodynamics; title: 4.6 Concluding Remarks; title: Notes; title: 5 The Unfinished Research Agenda