Measuring Business Cycles
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Measuring Business Cycles
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Author : Arthur F. Burns
language : en
Publisher:
Release Date : 1946
Measuring Business Cycles written by Arthur F. Burns and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1946 with Business & Economics categories.
Measuring Business Cycles
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Author : Arthur Frank Burns
language : en
Publisher:
Release Date : 1960
Measuring Business Cycles written by Arthur Frank Burns and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Business cycles categories.
Measuring Business Cycles In Economic Time Series
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Author : Regina Kaiser
language : en
Publisher:
Release Date : 2001
Measuring Business Cycles In Economic Time Series written by Regina Kaiser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Business Cycles The Problem And Its Setting
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Author : Wesley Clair Mitchell
language : en
Publisher:
Release Date : 1966
Business Cycles The Problem And Its Setting written by Wesley Clair Mitchell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1966 with Business cycles categories.
Measuring Business Cycles
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Author : National Bureau of Economic Research
language : es
Publisher:
Release Date : 1994
Measuring Business Cycles written by National Bureau of Economic Research and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Measuring Business Cycles
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Author : Simone Dommer
language : de
Publisher: GRIN Verlag
Release Date : 2010-03-03
Measuring Business Cycles written by Simone Dommer and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-03 with Business & Economics categories.
Studienarbeit aus dem Jahr 2009 im Fachbereich BWL - Unternehmensforschung, Operations Research, , Sprache: Deutsch, Abstract: This assignment covers the topic “Measuring Business Cycles”. A business cycle is defined as recurrent but not period fluctuations in business econom-ics. It includes four different phases: contraction (decrease of business activi-ties), trough (lower turning point), expansion or recovery (increase of busi-ness activities) and peak (upper turning point followed again by contraction). One business cycle can either last from trough to next trough or from one peak to another. Business cycles present fluctuations around a given growth-trend. According to the impulse-propagation approaching fluctuations are caused by three types of shocks: supply shock, private demand shock and policy shock. Short-time shifts in aggregate supply and aggregate demand have an impact on output, employment and price level as these factors are closely intercon-nected. Therefore economists use variables to track output, employment and price level in order to find out the current business cycle phase and to select the correct instruments or if necessary to start the counteractive measure-ments. The most important factor in determining the phase of the business cycle is the economic activity measured by gross domestic product (GDP), a procyc-lical variable. A positive GDP indicates that the economy is growing (expan-sion phase) and vice versa a negative GDP shows the economy is declining (contraction phase). Potential GDP shows the possible output under full em-ployment. The harmonisation of potential and real GDP can be influenced by decreasing the unemployment rate (share of unemployed people of labor force. Unemployment rate develops counter cyclically. In case economic ac-tivity increases (expansion phase), unemployment rate will fall and vice versa. Another important factor is inflation. High inflation devaluates value of money and rising inflation will increase the demand for higher wages leading to lower output. The objective of macroeconomic policy is to track the variables and to find the correct respond to each development. Possible instruments may be fo-cussing on stability in employment, prices and growth.
Measuring Business Cycles
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Author : Marinko Škare
language : en
Publisher:
Release Date : 2016
Measuring Business Cycles written by Marinko Škare and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This article summarizes the main findings on problems related to the measurement and identification of business cycles. The aim of this study is to define and identify the determinants of business cycles. This paper provides an overview of the methodology and its future course. Our investigation suggests that some methodological frameworks are available in the literature, but none is perfect. A new development in the field lies in spectral analysis methods for measuring business cycles, which may have advantages over existing methodologies (nonlinearity, stationarity issues). We feel that fractional integration is important in the proper monitoring and explanation of business cycles. Spectral analysis techniques have also proved to be useful for addressing the problems of stationarity and structural breaks in time series when analyzing business cycles. Another important issue that is excluded when studying business cycles is that the link between cycles and economic growth is presumed to be non-existent, implying money neutrality.
Measuring Business Cycles In Economic Time Series
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Author : Regina Kaiser
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Measuring Business Cycles In Economic Time Series written by Regina Kaiser and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This book outlines and demonstrates problems with the use of the HP filter, and proposes an alternative strategy for inferring cyclical behavior from a time series featuring seasonal, trend, cyclical and noise components. The main innovation of the alternative strategy involves augmenting the series forecasts and back-casts obtained from an ARIMA model, and then applying the HP filter to the augmented series. Comparisons presented using artificial and actual data demonstrate the superiority of the alternative strategy.
Measuring Business Cycles By Arthur F Burns And Wesley C Mitchell
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Author : National Bureau of Economic Research (UNITED STATES OF AMERICA)
language : en
Publisher:
Release Date : 1946
Measuring Business Cycles By Arthur F Burns And Wesley C Mitchell written by National Bureau of Economic Research (UNITED STATES OF AMERICA) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1946 with categories.
What Happens During Business Cycles
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Author : Wesley Clair Mitchell
language : en
Publisher:
Release Date : 1965
What Happens During Business Cycles written by Wesley Clair Mitchell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1965 with Business cycles categories.