Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles)

by David J. Carrier

Overview

This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky’s analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.

Product Details

ISBN-13:	9781138860704
Publisher:	Taylor & Francis
Publication date:	02/28/2017
Series:	Routledge Library Editions: Business Cycles
Pages:	242
Product dimensions:	6.12(w) x 9.19(h) x (d)

Table of Contents

1. What Did Economists Learn from the Great Depression? 2. How Chaos Killed the Auctioneer 3. Macroeconomic Effects of Industrial Restructuring 4. Consumption Patterns and the Multiplier 5. Finance, Investment and the Business Cycle 6. An Empirical Model of Investment and Finance 7. A Multiplier-Acclerator Simulation Model