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Business cycles since 1820 : new international perspectives from historical evidence / edited by the late Trevor J.O. Dick, (formerly Professor of Economics, University of Lethbridge, Canada)
Mitwirkende(r): Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Verlag: Cheltenham, UK ; Northampton, MA : Edward Elgar Publishing, 1998Beschreibung: 1 Online-Ressource (xiv, 294 pages) : illustrationsISBN:- 9781035335022
- 338.5/42 21
- HB3711
Inhalte:
Zusammenfassung: This book makes an important contribution at the forefront of business cycle theory. The contributors evaluate historical evidence, present new empirical results and suggest that the explanation of business cycle phenomena may, in part, depend on the way in which historical data is interpreted. This innovative book places great emphasis on the complementarity between empirical and theoretical business cycle research. The authors present studies of business cycles concentrating on the Great Depression of the 1930s, early and late nineteenth century American economic history, the United Kingdom before 1914, interwar Germany and Japan, and Canada and the United States during the Gold Standard era. A number of contributions address the Phillips curve and labour markets, and provide illustrations of the use of both macro and micro data. An important finding is the contribution to business cycle research made by hitherto untouched sources of historical labour market microdata. The book demonstrates the importance of the reconstruction of well researched data to our conception and understanding of business cycle phenomena. This book will be useful reading for academics and students of macroeconomics and economic history, with an interest in understanding business cyclesPPN: PPN: 1922107522Package identifier: Produktsigel: ZDB-1-EWE | ZDB-77-EEC | ZDB-77-ECE | ZDB-1-EWE-ebook
Contents: Introduction -- Part I. Recasting business cycles with new data: A cross country sampling -- 1. Consistent output series for the antebellum and postbellum periods: Issues and preliminary results / (C. Calomiris and C. Hanes) -- 2. The great depression in Japan: Why so short and mild? / (T. Iwami, T. Okazaki and H. Yoshikawa) -- 3. A reassessment of the United Kingdom business cycle chronology / (J. T. Klovland) -- 4. Measuring national product in Germany, 1925-1938: The state of the debate and some results / (A. Ritschl) -- Part II. Phillips curves and labor markets: Macro vs micro views -- 5. The labour market a hundred years ago: New, micro-level evidence on long-term change from the depression of 1893-94 / (S. Carter and R. Sutch) -- 6. Phillips curves under the gold standard regime: Canada and the United States compared / (T.J.O. Dick) -- 7. Consistent wholesale price series for the United States, 1860-1990 / (C. Hanes) -- 8. The cyclical adjustment of hours and employment in the prewar United States: Evidence from the depression of 1893-94 / (J.A. James) -- 9. Central bank behavior, the exchange rate regime, and the persistence of inflation in historical perspective / (P.L. Siklos and R.C.K. Burdekin) -- References.
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