Measuring and interpreting business cycles

Oxford: Clarendon Press, 1994. First edition, first printing (full number line). Hardcover. Octavo in red DJ; ix, 273 p : b&w ill. ; 23 cm. Stamps to edges and title page, boards in excellent condition, bright clean pages, binding is tight. Near Fine in a Near Fine DJ. Ex private company library, but no other markings aside form stamps to edges. Item #78295

This book combines a systematic empirical investigation into the characteristics of business cycles with a review of general theories of their patterns and dynamics. The authors have provided two empirical studies, using Swedish data for which unusually long data series are available. Both the empirical studies show how to analyse business cycles and to interpret them in the light of one well-established theoretical framework. The book's theoretical paper introduces readers to a different theoretical approach. The authors argue for the role played by shocks and by expectations in creating and exacerbating business cycles. As well as providing an overview of recent work in business cycle research, the book also shows how analytical techniques can be applied to historical data; it thus makes a substantial theoretical and applied contribution to the literature. || Volume is in 3 parts : pt. 1: The Swedish business cycle : Stylized facts over 130 years. -- pt. 2: Macroeconomic shocks in an open economy : a common - trends reresentation of Swedish data, 1871-1900. -- pt. 3: Expectations - driven, non-linear business cycles. || Business; Economics.

Price: $22.50 save 30% $15.75