This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Pr

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economi

This book aims to start a debate on the relationship between economic theory – and more precisely business cycle theory – and economic policy, emphasising t

This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several yea

This unique volume presents, for the first time in publication, the original Ph.D. thesis of Hyman P. Minsky, one of the most innovative thinkers on financial m