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Economic size of farms and adjustments of the total factor productivity to the business cycle in Polish agriculture
agriculture business cycle CAP input-output analysis TFP
2017/2/21
The article presents an approach to changes in the total factor productivity (TFP) which differs from that generally found in the literature. Changes are calculated in the real terms using the detaile...
Time and frequency domain in the business cycle structure
spectrum business cycle frequency domain time domain
2014/2/24
The presented paper deals with the identification of cyclical behaviour of business cycle from the time and frequency domain perspective. Herewith, methods for obtaining the growth business cycle are ...
A Spectral Analysis of Business Cycle Patterns in UK Sectoral Output
business cycle patterns frequency domain
2010/3/9
This paper studies business cycle patterns in UK sectoral output. It analyzes the distinction between white noise processes and their non-white noise counterparts in the frequency domain and further e...
MONETARY CONTROL AND THE POLITICAL BUSINESS CYCLE
MONETARY CONTROL POLITICAL BUSINESS CYCLE
2008/12/8
Introduction
This paper might equally well be entitled, “Political Control and
the Monetary Business Cycle.” The observations I will offer reflect
25 years of following current events and studying ...
Money, Deregulation, and the Business Cycle
nonmonetary economy unregulated banking systems legal restrictions theory
2008/12/5
In this article, I examine the burgeoning literature on the behavior
of unregulated banking systems. The analysis of banking and money
has been dubbed the “legal restrictions theory.” Many ofthe the...
REFLECTIONS ON HAYEK’S BUSINESS CYCLE THEORY
BUSINESS CYCLE THEORY HAYEK cyclical expansion
2008/12/5
Introduction
F. A. Hayek developed his business cycle theory in the 1920s when
he visited the United States for the first time. Let me recall that after
the so-called first postwar depression of 19...
One of the important policy issues we face today is the linkage
between monetary policy and the business cycle. This issue is of
relevance from an economic point ofview, but I assure you it is also
...
Erratic Monetary Policy
The double-digit inflation of the 1970s has given way to the moderate
inflation ofthe 1980s, but monetary policy remains erratic. From
early December 1985 through early Marc...
PRICE-LEVEL STABILITY, PRICE FLEXIBILITY, AND FISHER’S BUSINESS CYCLE MODEL
PRICE-LEVEL STABILITY PRICE FLEXIBILITY BUSINESS CYCLE MODEL
2008/12/2
In a series of recent papers, De Long and Summers (1986, 1988)
argued that “increased wage and price flexibility can easily be destabilizing
because of the Mundell effect.” They also suggested that
...