ENGLISH

Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles)

By David J. Carrier

Book information

Publisher
Taylor & Francis Group
Year
2015
ISBN
9781317506775, 9781138860629
LCC
HC106.5 -- .C377 2015eb
Language
english
Format
EPUB
Filesize
12 MB (12096162 bytes)
Series
Routledge Library Editions: Business Cycles Ser.
Pages
242\0
Time added
2023-08-08 01:49:04
Business cycles -- United States -- Econometric mo

Description

This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky's analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.

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