Business Cycles Business Cycles: Evidence, Theory, and Policy

Kamran Dadkhah ()
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Kamran Dadkhah: Northeastern University

Chapter Chapter 8 in The Evolution of Macroeconomic Theory and Policy, 2009, pp 153-177 from Springer

Abstract: Ups and downs in an economy are a natural occurrence, similar to periods of health and activity or times of slowdown or even sickness in a human body. This feature of the economy has for decades been a preoccupation of economists and many theories have been suggested to explain them. Many also have tried to devise methods for forecasting the onset of a recession or the beginning of a recovery. As discussed in Chap. 1, since the Great Depression Great Depression many economists have tried to come up with policies that could avoid recession or at least ameliorate its effects so that the economy would experience a soft landing (presumably as opposed to a crash landing).

Keywords: Business Cycle; Capital Stock; Government Expenditure; European Central Bank; Dynamic Stochastic General Equilibrium (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-77008-4_8

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DOI: 10.1007/978-3-540-77008-4_8

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