Business Cycles: Theory and Empirical Methods

Abstract

Introduction W. Semmler. Part I: Complex Dynamics in the Business Cycle. I. Business Cycles and Long Waves: a Behavioral Disequilibrium Perspective J.D. Sterman, E. Mosekilde. II. Competitive Markets and Endogenous Cycles: an Evaluation M. Boldrin. III. Analytical and Numerical Methods in the Study of Nonlinear Dynamical Systems in Keynesian Macroeconomics H.-W. Lorenz. IV. Business Cycles, Fiscal Policy and Budget Deficits R.H. Day. V. Continuous-Time Dynamical Models with Distributed Lags M. Jarsulic. Part II: Monetary and Financial Factors in the Business Cycles. VI. Price Flexibility and Output Stability: an Old Keynesian View J. Tobin. VII. The Stability of Models of Monetary Growth with Adaptive Expectations or Myopic Perfect Foresight P. Flaschel. VIII. A Model of the Financial Sector and its Reaction to Aggregate Fluctuations R. Franke, W. Semmler. IX. External Finance, Investment Expenditure and the Business Cycle D. Delligatti, M. Gallegatti. X. Monetary Factors and Gestation Lag in a Kaleckian Model of the Business Cycle T. Asada. Part III: Testing for Nonlinearities in the Business Cycle. XI. Asymmetric Economic Propagation Mechanisms S.M. Potter. XII. Asymmetries in Business Cycles: Econometric Techniques and Empirical Evidence S. Mittnik, Zhiqiang Niu. XIII. Testing for Chaos and Nonlinearities in Macroeconomic Time Series C.L. Sayers. XIV. Using U-Statistics to detect Business Cycle Nonlinearities B. Mizrach. XV. The Time Reversibility Test with Application to Financial Data P. Rothman. Index.