Business Cycle Fluctuations and Economic Policy
Nova Science Publishers | English | 2009-01-31 | ISBN: 1606923412 | 116 pages | PDF | 1,2 MB
Nova Science Publishers | English | 2009-01-31 | ISBN: 1606923412 | 116 pages | PDF | 1,2 MB
This book highlights the importance of studying similarity of business cycles across countries and answers the theoretical question about the behaviour of fluctuations in economic activity over different phases of business cycles. This is done by analysing cross-country data that provides sufficient empirical justifications on the behaviour of economic activity to conclude that business cycles are alike. Further, the book maintains, from the recent empirical research, that business cycles fluctuations are asymmetric.