Author: Wesley Clair MitchellPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 332
Book Description
Methods of Measuring Cyclical Behavior ...: Changes in cyclical behavior and average measures
Author: Wesley Clair MitchellPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 332
Book Description
Methods of Measuring Cyclical Behavior ...: The technique of measuring cyclical behavior
Author: Wesley Clair MitchellPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 340
Book Description
Methods of Measuring Cyclical Behavior ...: Tests and limitations of the technique
Author: Wesley Clair MitchellPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 362
Book Description
The National Bureau's Measures of Cyclical Behavior
Author: E. C. MitchellMeasuring Business Cycles
Author: Arthur F. BurnsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 602
Book Description
What Happens During Business Cycles
Author: Wesley Clair MitchellPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 434
Book Description
The Behavior of Prices
Author: Frederick Cecil MillsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 608
Book Description
Measurement, Quantification and Economic Analysis
Author: Ingrid H. RimaPublisher: Routledge
ISBN: 1134879237
Category : Business & Economics
Languages : en
Pages : 570
Book Description
Most economists assume that the mathematical and quantative sides of their science are relatively recent developments. Measurement, Quantification and Economic Analysis shows that this is a misconception. Its authors argue that economists have long relied on measurement and quantification as essential tools. However, problems have arisen in adapting these tools from other fields. Ultimately, the authors are sceptical about the role which measurement and quantification tools now play in contemporary economic theory.
The Cyclical Behavior of Prices and Costs
Author: Julio RotembergPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 128
Book Description
Because inputs are scarce, marginal cost should be an increasing function of output. Without changes in this real marginal cost schedule, aggregate output can vary if and only if the markup of price over marginal cost varies. In this review, we discuss the extent to which observed fluctuations in aggregate economic activity depend upon such variations in average markups. We first study whether, empirically, real marginal cost rises in cyclical expansions. Average real labor cost is not very procyclical, but, for reasons such as overhead labor and adjustment costs, marginal labor cost should be more procyclical. Measures of marginal cost based on materials costs and inventories also appear procyclical. We next show that countercyclical markup variation may, depending upon how costs are modeled, account for a substantial fraction of cyclical output movements. We also show that the observed procyclical variations in productivity and profits are consistent with the hypothesis that cyclical variations in output are primarily due to markup variations than to shifts in the real marginal cost schedule. Finally, we survey theories of endogenous markup variation. These include both models of sticky and models in which firms' desired markup varies over time.
The American Business Cycle
Author: Robert J. GordonPublisher: University of Chicago Press
ISBN: 0226304590
Category : Business & Economics
Languages : en
Pages : 882
Book Description
In recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depression. These circumstances have prompted renewed interest in the concept of business cycles, which Joseph Schumpeter suggested are "like the beat of the heart, of the essence of the organism that displays them." In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks? How have post-1946 cycles differed from earlier cycles? And, what are the major factors that contribute to business cycles? They extend their investigation in some areas as far back as 1875 to afford a deeper understanding of both economic history and the most recent economic fluctuations. Seven papers address specific aspects of economic activity: consumption, investment, inventory change, fiscal policy, monetary behavior, open economy, and the labor market. Five papers focus on aggregate economic activity. In a number of cases, the papers present findings that challenge widely accepted models and assumptions. In addition to its substantive findings, The American Business Cycle includes an appendix containing both the first published history of the NBER business-cycle dating chronology and many previously unpublished historical data series.