Presents the empirical data of business cycles and the theories that economists have developed to explain and prevent them, and considers case studies of recess

During our lifetime we experience any number of business cycle crises which undermine our confidence and lead many to their ruin. We also experience the ‘happ

In recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depressio

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

The inability of forecasters to predict accurately the 1990-1991 recession emphasizes the need for better ways for charting the course of the economy. In this v