The Facts of Business Cycles - Why Study Business Cycles? Describing Business Cycles; The Macroeconomic Theory of Business Cycles and Forecasting - Early Business Cycle Theories; Keynes' and Keynesian Theory; The Monetarist Model; The Rational Expectations Model; Real Business Cycle Models New Keynesian Models; Macroeconomic Forecasting; Business Cycles in the United States - The Great Depression; Postwar Business Cycles in the U.S.; A "New Economy" in the U.S.? Modern International Recessions and Depressions - The East Asian Crisis; Argenlina and the Role of the International Monetary Fund; The Great Recession in Japan; Conclusions; What We Know and Do Not Know About Business Cycles; Appendix.
TODD A. KNOOP is Associate Professor of Economics and Business at Cornell College, where his primary research and teaching interests include macroeconomic theory, tax reform, and monetary policy. He has published many articles in such journals as Economic Inquiry and the Southern Economic Journal.
?[E]xcellent scholarly introduction to business cycles.?-CFO
Magazine
?[K]noop's discussion of the problems of macroeconomic forecasting,
whether through the use of leading economic indicators, market
indicators, or econometric models, is highly informative and
insightful....[t]his book should be accessible to students, and
they will gain a good deal of information about, and a fair
understanding of, business cycles from reading it.?-EH.NET
?Knoop admirably achieves his stated objective of producing a
teaching text. The result is simultaneously an informative,
readable, balanced, and worthwhile work that will be an appealing
primary or ancillary text for advanced macro classes or seminars.
Highly recommended. Informed general readers; upper-division
undergraduates through professionals.?-Choice
"�E�xcellent scholarly introduction to business cycles."-CFO
Magazine
"�K�noop's discussion of the problems of macroeconomic forecasting,
whether through the use of leading economic indicators, market
indicators, or econometric models, is highly informative and
insightful....�t�his book should be accessible to students, and
they will gain a good deal of information about, and a fair
understanding of, business cycles from reading it."-EH.NET
"[K]noop's discussion of the problems of macroeconomic forecasting,
whether through the use of leading economic indicators, market
indicators, or econometric models, is highly informative and
insightful....[t]his book should be accessible to students, and
they will gain a good deal of information about, and a fair
understanding of, business cycles from reading it."-EH.NET
"[E]xcellent scholarly introduction to business cycles."-CFO
Magazine
"Knoop admirably achieves his stated objective of producing a
teaching text. The result is simultaneously an informative,
readable, balanced, and worthwhile work that will be an appealing
primary or ancillary text for advanced macro classes or seminars.
Highly recommended. Informed general readers; upper-division
undergraduates through professionals."-Choice
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