Gespeichert in:
| Titel: | Business Cycle Theory A Survey of Methods and Concepts |
|---|---|
| Von: |
by Günter Gabisch, Hans-Walter Lorenz
|
| Person: |
Gabisch, Günter
Verfasser aut Lorenz, Hans-Walter |
| Hauptverfassende: | , |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1987
|
| Ausgabe: | 1st ed. 1987 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
283 |
| Notation: | QC 330 SI 853 |
| Schlagwörter: | |
| Medienzugang: | https://doi.org/10.1007/978-3-662-01178-2 https://doi.org/10.1007/978-3-662-01178-2 |
| Zusammenfassung: | "Is the business cycle obsolete?" This often cited title of a book edited by Bronfenbren ner with the implicit affirmation of the question reflected the attitude of mainstream macroeconomics in the Sixties regarding the empirical relevance of cyclic motions of an economy. The successful income policies, theoretically grounded in Keynesian macroec onomics, seemed to have eased or even abolished the fluctuations in West,ern economies which motivated studies of many classical and neoclassical economists for more than 100 years. The reasoning behind the conviction that business cycles would increasingly become irrelevant was rather simple: if an economy fluctuates for whatever reason, then it is almost always possible to neutralize these cyclic motions by means of anti-cyclic demand policies. From the 1950's until the mid-Sixties business cycle theory had often been consid ered either as an appendix to growth theory or as an academic exercise in dynamical economics. The common business cycle models were essentially multiplier-accelerator models whose sensitive dependence on parameter values (in order to be called busi ness cycle models) suggested a rather improbable occurrence of continuing oscillations. The obvious success in compensating business cycles in those days prevented intensive concern with the occurrence of cycles. Rather, business cycle theory turned into sta bilization theory which investigated theoretical possibilities of stabilizing a fluctuating economy. Many macroeconomic textbooks appeared in the Sixties which consequently identified business cycle theory with inquiries on the possibilities to stabilize economies 2 Introduction by means of active fiscal or monetary policies |
| Umfang: | 1 Online-Ressource (VII, 235 p. 86 illus) |
| ISBN: | 9783662011782 |
| DOI: | 10.1007/978-3-662-01178-2 |
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Datensatz im Suchindex
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| any_adam_object | |
| author | Gabisch, Günter Lorenz, Hans-Walter |
| author_facet | Gabisch, Günter Lorenz, Hans-Walter |
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| bvnumber | BV046871603 |
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| dewey-full | 330 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330 |
| dewey-search | 330 |
| dewey-sort | 3330 |
| dewey-tens | 330 - Economics |
| discipline | Mathematik Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-662-01178-2 |
| edition | 1st ed. 1987 |
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| id | DE-604.BV046871603 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:03:19Z |
| institution | BVB |
| isbn | 9783662011782 |
| language | English |
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| spelling | Gabisch, Günter Verfasser aut Business Cycle Theory A Survey of Methods and Concepts by Günter Gabisch, Hans-Walter Lorenz 1st ed. 1987 Berlin, Heidelberg Springer Berlin Heidelberg 1987 1 Online-Ressource (VII, 235 p. 86 illus) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 283 "Is the business cycle obsolete?" This often cited title of a book edited by Bronfenbren ner with the implicit affirmation of the question reflected the attitude of mainstream macroeconomics in the Sixties regarding the empirical relevance of cyclic motions of an economy. The successful income policies, theoretically grounded in Keynesian macroec onomics, seemed to have eased or even abolished the fluctuations in West,ern economies which motivated studies of many classical and neoclassical economists for more than 100 years. The reasoning behind the conviction that business cycles would increasingly become irrelevant was rather simple: if an economy fluctuates for whatever reason, then it is almost always possible to neutralize these cyclic motions by means of anti-cyclic demand policies. From the 1950's until the mid-Sixties business cycle theory had often been consid ered either as an appendix to growth theory or as an academic exercise in dynamical economics. The common business cycle models were essentially multiplier-accelerator models whose sensitive dependence on parameter values (in order to be called busi ness cycle models) suggested a rather improbable occurrence of continuing oscillations. The obvious success in compensating business cycles in those days prevented intensive concern with the occurrence of cycles. Rather, business cycle theory turned into sta bilization theory which investigated theoretical possibilities of stabilizing a fluctuating economy. Many macroeconomic textbooks appeared in the Sixties which consequently identified business cycle theory with inquiries on the possibilities to stabilize economies 2 Introduction by means of active fiscal or monetary policies Economics, general Economics Management science Konjunkturzyklus (DE-588)4032134-4 gnd rswk-swf Konjunkturtheorie (DE-588)4125557-4 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Konjunkturtheorie (DE-588)4125557-4 s Mathematisches Modell (DE-588)4114528-8 s DE-604 Konjunkturzyklus (DE-588)4032134-4 s Theorie (DE-588)4059787-8 s Lorenz, Hans-Walter aut Erscheint auch als Druck-Ausgabe 9783662011799 Erscheint auch als Druck-Ausgabe 9783540171881 https://doi.org/10.1007/978-3-662-01178-2 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Gabisch, Günter Lorenz, Hans-Walter Business Cycle Theory A Survey of Methods and Concepts Economics, general Economics Management science Konjunkturzyklus (DE-588)4032134-4 gnd Konjunkturtheorie (DE-588)4125557-4 gnd Theorie (DE-588)4059787-8 gnd Mathematisches Modell (DE-588)4114528-8 gnd |
| subject_GND | (DE-588)4032134-4 (DE-588)4125557-4 (DE-588)4059787-8 (DE-588)4114528-8 |
| title | Business Cycle Theory A Survey of Methods and Concepts |
| title_auth | Business Cycle Theory A Survey of Methods and Concepts |
| title_exact_search | Business Cycle Theory A Survey of Methods and Concepts |
| title_full | Business Cycle Theory A Survey of Methods and Concepts by Günter Gabisch, Hans-Walter Lorenz |
| title_fullStr | Business Cycle Theory A Survey of Methods and Concepts by Günter Gabisch, Hans-Walter Lorenz |
| title_full_unstemmed | Business Cycle Theory A Survey of Methods and Concepts by Günter Gabisch, Hans-Walter Lorenz |
| title_short | Business Cycle Theory |
| title_sort | business cycle theory a survey of methods and concepts |
| title_sub | A Survey of Methods and Concepts |
| topic | Economics, general Economics Management science Konjunkturzyklus (DE-588)4032134-4 gnd Konjunkturtheorie (DE-588)4125557-4 gnd Theorie (DE-588)4059787-8 gnd Mathematisches Modell (DE-588)4114528-8 gnd |
| topic_facet | Economics, general Economics Management science Konjunkturzyklus Konjunkturtheorie Theorie Mathematisches Modell |
| url | https://doi.org/10.1007/978-3-662-01178-2 |
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