Recessions and Depressions Understanding Business Cycles

Subjects:

• Economics » Macroeconomics
• Economics » Economic Theory

Reviews:

• 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 March 2005
• [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 October 2005
• [E]xcellent scholarly introduction to business cycles.
  —CFO Magazine April 2006

Table of Contents:

• Figures
• Tables
• Preface
• 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
• Argentina 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: Brief Comparison of Major Business Cycle Theories
• Glossary
• Bibliography
• Index