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Title: |
Recessions |
| Sub-title: |
Prospects & Developments |
Search Result:
| By (author): |
Nerea M PĂ©rez |
| ISBN10-13: |
1604568666 : 9781604568660 |
| Illustrations: |
tables & charts |
| Format: |
Hardback |
| Size: |
180x260mm |
| Pages: |
174 |
| Weight: |
.542 Kg. |
| Published: |
Nova Science Publishers, Inc (US) - May 2009 |
| List Price: |
115.99 Pounds Sterling |
| Availability: |
In Stock
Qty Available: 1 |
| Subjects: |
Economics |
| A critical consideration in understanding business cycles is the amplification and propagation of shocks to the economic system. Many recessions seem to arise without a clearly identifiable cause or at least one of significant magnitude to justify an economy-wide recession. How can a small shock cause large changes in the economy? What are the mechanisms that amplify a modest shock such that a serious recession ensues? Despite the persistent search for a mechanism for business cycle amplification and propagation, much research in business cycles seems to ignore the likely role of the financial system. If a shock to the economy inhibits the capital allocation capability of an economy, then a seemingly mild shock may be amplified through its impact on new investment thereby snuffing out economic growth and causing a recession. This book provides new research on the field of recessions from around the globe. |
| Table of Contents: |
| Preface; What is a Recession, Who Decides When It Starts, and When Do They Decide?; Business Cycles in Economic Theory: Exogenous or Endogenous?; Evaluating the Potential for a Recession in 2008; The Recessionary Impact of Stabilizing Inflation; On Accuracy Measure of Recession Forecasts; Predicting Recessions Using Financial Variables; Mysterious Socio-Economic Disturbances and Cyclical Fluctuations; Dynamic Investor Risk Premia and Recessions; Index. |
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