This is the seventh book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of financial decisions and markets, this seventh book describes how econometrics developed and how its...

Business cycle analysis was at the centre of attention in economics during Ragnar Frisch's formative years as a young economist. Frisch was concerned about the inability of modern economies to prevent economic fluctuations from playing havoc with the livelihood of millions. After first studying...

Empirical evidence - including the current global crisis - suggests that shocks from advanced countries often have a disproportionate effect on developing economies. Can this account for the fact that aggregate fluctuations are larger and more persistent in the latter than in the former...

Empirische Wirtschaftsforschung widmet sich wichtigen, allgemein interessierenden Phänomenen, die sie beschreibt, erklärt und wofür sie Zukunftsperspektiven bietet. Unter Einbezug wissenschaftlicher Erkenntnisse stellt sie Entscheidungsgrundlagen für Unternehmensplanung und politische...