Mullineux/Dickinson/Peng,BUSINESS CYCLES.Theory and Evidence,1993[economia

Andy Mullineux, David G. Dickinson
and WenSheng Peng,
BUSINESS CYCLES.
Theory and Evidence.
Blackwell, Oxford, 1993,
brossura, 23x15,5 cm., pp.162,
testo in inglese,
peso: g.272
cod.2401
CONDIZIONI DEL LIBRO: ottime,
alcune sottolineature a matita


Contents
List of figures ix
List of tables x
Preface xii
1 Introduction 1
2 Equilibrium Business Cycles: Theory and Evidence 5
2.1 Introduction 5
2.2 Early Contributions and the Basic Model 5
2.3 Extensions to the Basic Model 9
2.4 Empirical Evidence 15
2.5 Summary 23
3 Non-linear Business Cycle Modelling 25
3.1 Introduction 25
3.2 Cycles in Linear and Non-linear Models 28
3.3 Non-linear Business Cycle Modelling 34
3.4 Empirical Evidence of Chaos and Non-linearity 53
3.5 Summary 61
4 Political Business Cycles, Reputation and Credibility 64
4.1 Introduction 64
4.2 The Electoral Economic Cycle 66
4.3 Game Theory, Reputation, Credibility and 67
Optimal Monetary Policy Design
4.4 Partisan Cycles 74
4.5 Empirical Evidence Relating to the ‘Political 77
Business Cycle’
4.6 Summary 83
Empirical Evidence Relating to Business Cycles:
New UK Results in Context 85
5.1 Introduction 85
5.2 Non-stationarity and Shock Persistence in UK 85
Macroeconomic Variables
5.3 A VAR Model of the UK Business Cycle 92
5.4 Evidence of Political Business Cycles in the UK 100
5.5 Chaos, Non-linearity and Macroeconomic 109
Variables
5.6 Summary 118
Evaluation and Conclusions 120
6.1 Introduction 120
6.2 An Overall Evaluation 120
6.3 Policy Implications 122
6.4 Suggestions for Future Research 123
Bibliography 131
Index 156