Business Cycle Economics: Understanding Recessions and Depressions from Boom to Bust

Business Cycle Economics: Understanding Recessions and Depressions from Boom to Bust

by Todd A. Knoop

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Product Details

ISBN-13: 9781440831744
Publisher: ABC-CLIO, Incorporated
Publication date: 02/28/2015
Pages: 391
Sales rank: 308,204
Product dimensions: 6.50(w) x 9.30(h) x 1.40(d)

About the Author

Todd A. Knoop, PhD, is professor of economics and business at Cornell College, Mount Vernon, IA.

Table of Contents

List of Figures and Tables xi

Preface xv

Part I The Facts of Business Cycles

1 Why Study Business Cycles? 3

2 Describing Business Cycles 11

Part II Macroeconomic Theories of Business Cycles

3 Early Business Cycle Theories 33

4 Keynes's and Keynesiam Theory 48

5 Austrian Economics 67

6 The Monetarist Model 78

7 The Rational Expectations Model 99

8 Real Business Cycle Models 113

9 New Keynesian Models 127

Part III Financial Instability and Forecasting

10 Models of Credit and Financial Instability 147

11 Beliefs, Behavior, Bubbles, and Banking Crises 165

12 Macroeconomic Forecasting 181

Part IV Business Cycles in the United States

13 The Great Depression 203

14 Postwar Business Cycles 221

Part V Modern International Recessions and Depressions

15 The East Asian Crisiss and the IMF 249

16 The Great Recession in Japan 276

17 Sovereign Debt Crises and the Euro-Zone 293

18 The Global Financial Crisis of 2008 312

19 Conclusions-What We Know and Do Not Know about Business Cycles 342

Bibliography 361

Index 375

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