Business Cycles: Theory and Empirical Methods

Introduction; W. Semmler. Part I: Complex Dynamics in the Business Cycle. I. Business Cycles and Long Waves: a Behavioral Disequilibrium Perspective; J.D. Sterman, E. Mosekilde. II. Competitive Markets and Endogenous Cycles: an Evaluation; M. Boldrin. III. Analytical and Numerical Methods in the Study of Nonlinear Dynamical Systems in Keynesian Macroeconomics; H.-W. Lorenz. IV. Business Cycles, Fiscal Policy and Budget Deficits; R.H. Day. V. Continuous-Time Dynamical Models with Distributed Lags; M. Jarsulic. Part II: Monetary and Financial Factors in the Business Cycles. VI. Price Flexibility and Output Stability: an Old Keynesian View; J. Tobin. VII. The Stability of Models of Monetary Growth with Adaptive Expectations or Myopic Perfect Foresight; P. Flaschel. VIII. A Model of the Financial Sector and its Reaction to Aggregate Fluctuations; R. Franke, W. Semmler. IX. External Finance, Investment Expenditure and the Business Cycle; D. Delligatti, M. Gallegatti. X. Monetary Factors and Gestation Lag in a Kaleckian Model of the Business Cycle; T. Asada. Part III: Testing for Nonlinearities in the Business Cycle. XI. Asymmetric Economic Propagation Mechanisms; S.M. Potter. XII. Asymmetries in Business Cycles: Econometric Techniques and Empirical Evidence; S. Mittnik, Zhiqiang Niu. XIII. Testing for Chaos and Nonlinearities in Macroeconomic Time Series; C.L. Sayers. XIV. Using U-Statistics to detect Business Cycle Nonlinearities; B. Mizrach. XV. The Time Reversibility Test with Application to Financial Data; P. Rothman. Index.