How do a large but finite number of agents interact, and, consequently, what macroeconomic statistical regularities or patterns may evolve? The book examines situations (e.g. fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models) which are caused by model states...

Cover -- Contents -- Foreword -- Preface -- Abbreviations -- Contributors -- 1 From Great Depression to Great Recession: An Overview -- PART I. PERSPECTIVES FROM THE PAST: SECULAR STAGNATION AND ASYMMETRIC BURDEN OF ADJUSTMENT -- 2 Learning Lessons from Previous Crises: The Capital Account and...

From Crisis to Confidence not only describes the process which the economy must go through before a full recovery after the financial crash, it also describes the journey that must be travelled by the discipline of economics. As economics students and other commentators question post-war...

The authors -- Foreword -- Acknowledgement -- Summary -- Tables and figures -- 1 Policy stability and economic growth: lessons from the Great Recession -- Introduction -- The Great Recession compared with earlier recessions -- The principles of good policy -- Monetary policy: to the Taylor rule...

FrontMatter -- Contents -- Preface -- I PROCEEDINGS -- Welcome -- Introduction -- Panel I Productivity Trends in the Semiconductor Industry -- Panel II Cyclicality: Comparisons by Industry -- Luncheon Address: The Industry Perspective on Semiconductors -- Panel III Economic Growth and...

Intro -- Contents -- Preface -- Introduction: Central Bank Lessons from the Global Crisis -- I MONETARY POLICY IN VIEW OF THE CRISIS -- 1. Monetary Policy Frameworks after the Great Financial Crisis -- 2. The Role of Monetary Policy in Turkey during the Global Financial Crisis -- 3. An...

This study falls into two parts. Part I contains a theoretical analysis of the relation of inventories and inventory fluctuations to the business cycle. Part II is a study of inventory fluctuations in Canada over the period from 1918 to 1950 and provides some inductive verification of the...