Business cycles in the contemporary world : with 17 Tables
- 50 %

Business cycles in the contemporary world : with 17 Tables

Contributions to economics
 kart.
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ISBN-13:
9783790815320
Einband:
kart.
Seiten:
0
Autor:
Bernd Süssmuth
Gewicht:
273 g
SKU:
INF1000342311
Sprache:
Deutsch
Beschreibung:

The book provides a thorough and sophisticated descriptive analysis of business cycles in a historical perspective. The study is based on the latest available time series as well as latest techniques from the frequency domain. A combined univariate and bivariate analysis is conducted on the national as well as supranational (G7- and Euro-Area wide) level. Issues of stability, volatility, and cyclicality are investigated jointly. An extensive analysis of US manufacturing investment series on the fairly disaggregated four-digit level highlights the limits of linear models to capture the sectoral aggregation process. Synchronization is modelled by a mode-locking mechanism of industrial investment cycles induced by informational externalities. The model in its stochastic version is numerically simulated to assess an agreement between model and data.