pt. 1. Understanding cycles and growth -- pt. 2. Uncertainty and information in business cycle models -- pt. 3. Formal models of the business cycle -- pt. 4. Empirical and institutional factors in cycles and growth.

This thought-provoking monograph analyzes long- medium- and short-term global cycles of prosperity, recession, and depression, plotting them against centuries of important world events. Major research on economic and political cycles is integrated to clarify evolving relationships between the...

The present thesis studies the consequences of the financial expansion initiated at the end of The Glorious Thirty to spur a declining economic growth. Incidentally, this work questions the issue of measuring economic regularities through econometric tools. Thus, the first chapter carries out an...

This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach to the business cycles in the spirit of Samuelson (1936) and Hicks (1950) with long cycle thinking of economists such as Schumpeter (1939) and Kondratieff. Post Keynesians have...

Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...