Description
Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles)
Routledge Library Editions: Business Cycles Series
Author: Carrier David J.
Language: English
Subjects for Industrial Restructuring, Financial Instability and the...:
Keywords
consumer; credit; peaks; property; income; wage; share; profit; flows; multiplier; BCI; Federal Reserve; Benchmark Input Output Tables; TCU; Investment Growth Rate; Property Income; Business Cycle Peak; Nipa Table; Unsmoothed Data; Consumer Installment Credit; GDP Fall; Gdp Estimate; Flexible Accelerator; Stable Paretian; Gdp Fluctuation; M2 Growth Rate; Consumption Multipliers; Desired Capital Stock; Federal Funds Rate; OLS Estimate; Intermediate Demand; NYSE Index; Financial Growth Rates; Consumer Credit; Linear Interaction Terms
Publication date: 03-2015
· 15.6x23.4 cm · Hardback
Publication date: 02-2017
· 15.6x23.4 cm · Paperback
Description
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This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky?s analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.
1. What Did Economists Learn from the Great Depression? 2. How Chaos Killed the Auctioneer 3. Macroeconomic Effects of Industrial Restructuring 4. Consumption Patterns and the Multiplier 5. Finance, Investment and the Business Cycle 6. An Empirical Model of Investment and Finance 7. A Multiplier-Acclerator Simulation Model
