Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles)
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A01=David J. Carrier
Author_David J. Carrier
BCI
Benchmark Input Output Tables
Business Cycle Peak
Category=KCA
Category=KCD
Category=KCJ
Category=KCZ
Category=KJV
consumer
Consumer Credit
Consumer Installment Credit
Consumption Multipliers
credit
Desired Capital Stock
empirical analysis of US economic instability
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Federal Funds Rate
Federal Reserve
financial crisis theory
Financial Growth Rates
Flexible Accelerator
flows
Gdp Estimate
GDP Fall
Gdp Fluctuation
income
institutional economics
Intermediate Demand
investment behaviour analysis
Investment Growth Rate
Linear Interaction Terms
M2 Growth Rate
macroeconomic modelling
multiplier
multiplier accelerator model
Nipa Table
NYSE Index
OLS Estimate
peaks
postwar economic cycles
profit
property
Property Income
share
Stable Paretian
TCU
Unsmoothed Data
wage
Product details
- ISBN 9781138860629
- Weight: 476g
- Dimensions: 156 x 234mm
- Publication Date: 23 Mar 2015
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
